Seems the market is waiting for the Fed - and the market is a little perplexed what the Fed will do...
If the Feds' track record is any guide they are going to go full hog with QE2 - considering that Goldman Sachs came out with a figure of $4 trillion last week, well they are usually on the mark are they not -- so we could see some ridiculous figure of 4-6 trillion which will capitulate the USD.
Obviously I am merely guessing, however the Fed doesn't seem to want to fluff around -- we have U.S employment figures out next couple of nights and bad employment numbers and QE2 will be closer to $4 trillion than not.... interesting times indeed.
If all things were equal the market is a sell but the market loves bad news and easy money atm.....strange situation here.
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