Thursday, May 12, 2011
And then the market gave it all back with -120,000 cumulative tick reading yesterday
So all it takes is the threat of one interest rate rise from the BOE and the markets tank? I guess the spectre of higher interest rates globally combined with lower growth is a real concern at this juncture. Never fear though, I'm sure QE3 is just around the corner. We just need the SPX to tank 10-15% for the Fed to take notice!
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it will probably tank 10 percent when QE2 finishes next month like it did when QE1 finished.
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