i wonder how much the threat of QEII is already priced into the current POG?
the FED has artificially bouyed the market with the mere mention of QEII and i don't think they don't want to pull the rug out. perhaps in their eyes however they have already achieved something with this placebo.
imo they want to stimulate the stock market enough in the hope that the additional liquidity will boost confidence and business activity and trickle down to the job market.
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