It was a non event every sense of the word.
The Fed conducted QE2 not because it wants to improve unemployment but to inglate the stock markets.
The element of suprise [i.e, PPT theories and all that] is washed out of the market.
The fed having small concerns on inflation but seeks to make the rich richer through stock price inflation says something about this mob which is doing everything except look after the U.S economy in particular the middle class.
Usually when a government body openly announces they will acquire certain assets [read central banks selling gold or intervening in the currency market] the market will go in the opposite direction.
So my take in all this is, we are at a very very intersting level. I am not perma bearish but I am getting there.
AUD
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