…but it’s still basically pissing into the ocean.
New funds are not being parked in stocks or commodities despite loads of caterwauling to the contrary.
Money is never leaving the Fed. That’s the problem.
The Fed is pushing on a string…
Historically, the dollar fall and stocks rally into the announcement of QE and then reverses course once the policy is put into action. So with QE3 still very much in play, the euro crisis and QE3 will jockey for preeminence in the market’s mind. Mt guess is the euro crisis ultimately will win out, but time will tell.
