Market Watch

Posted on Tuesday, August 9, 2011 by Post Scripts

Hoping for a rebound on the market for Tuesday. Market is way oversold – should have a decent bounce back absent any bad news to ruin it!

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3 Responses to Market Watch

  1. Peggy says:
    Tuesday, August 9, 2011 at 7:13 pm

    Bernanke to the rescue with QE3.
    =======

    http://redcounty.com/content/ben-bernanke-halts-crash-what-cost

    “Forget about S&P downgrades. Forget about the recession threat. The stock market loves Ben Bernanke!

    In effect, this is a giant step towards QE3 bond purchases and new-money creation. In fact, traders are already nicknaming this latest Fed action QE3 Lite.

    So markets and the economy can expect ultra-easy money for at least two more years. But remember, after inflation, the fed funds rate is already negative. And if and when the Fed starts buying bonds again to expand its $2.6 trillion balance sheet — by injecting a like-amount of cash into the banking system — monetary policy will be ultra-ultra easy.”

  2. Libby says:
    Tuesday, August 9, 2011 at 8:19 pm

    Peggy, you sound disappointed.

  3. Peggy says:
    Tuesday, August 9, 2011 at 10:55 pm

    Disappointed? Yes, I guess you could say I am. But, I’m really very disappointed, upset and sad about where our country is headed if we the leaders of our country continue with the massive give-away programs that we can’t afford.

    And even more disappointed that people like you can’t understand the concept of a balanced budget and EVERYONE contributing. Not just the “rich.”

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