August 10, 2012
– Comments (3) |
RELATED TICKERS: SPY
The market has already priced in ECB buying Spainish bonds in the last 2 weeks, now its gonna price in a QE3.
QE3 may already be priced in. The latest round of earnings was not stellar and yet the market went up.
the recent run up has more to do with the ECB comments in buying bonds and only partially with the QE3 hopes.
A QE3 price in will take 6 to 8 months of rally to be fully priced in just like the QE2 took from August to April to be priced in when it was first announced by Ben.
We'll see. QE2's second anniversary is this month (unoffically).