the day of reckoning is here, page-98

If POMO failed big time - and a BIG crash comes before June, (opposed to a mild correction which we need), then I hardly see the US senate approving QE3. Even ultra bears like Mark ?? see QE2, 4 and 5 down the track. Far more likely:

A solid pullback soon (sometime before March

Then up again for a top in June.

Then a large fall across the globe (Not GFC 2 but a major correction)for whatever reasons. (PIGS/US/War etc)
With no pumping see where we go - then a QE3. Bernake looks like he was/is correct to the masses." More pumping highly likely late 2011. IMHO

If this scenario plays out I do nto see Hedgejob as correct if calling for the large break NOW/SOON.

Time will tell.
I am concentrating on next week for now!