Guys its time to cover ahead of QE3 rally, its coming..
Last week’s Fed statement was a little more forthcoming than normal…
Chairman Ben S. Bernanke said The Federal Reserve is considering additional asset purchases to boost growth after extending its pledge to keep interest rates low through at least late 2014.
“The Committee expects to maintain a highly accommodative stance for monetary policy,” the FOMC said in a statement. “Economic conditions – including low rates of resource utilization and a subdued outlook for inflation over the medium run – are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014.”
The FOMC statement went on to say that policy makers are “prepared to provide further monetary accommodation if employment is not making sufficient progress towards our assessment of its maximum level, or if inflation shows signs of moving further below its mandate-consistent rate.”
It seems the table is being set for QE3 in the very near future because this statement steered away from growth – contrary to past reports.QE3 to Open Up New Investment Opportunities
by Jason Jenkins, Investment U Research
Monday, February 6, 2012