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Friday, August 5, 2011

8/5/2011 - ECB Starting QE

ECB Starting QE

This rumor, if it is true, which I believe it is, is a game changer.  You now have the two biggest central banks monetizing debt.  This will squeeze the European markets higher, thus moving the US markets higher.  The S&P downgrade is mostly priced in, so if it does happen as rumored, it should just be a blip which would be a buying opportunity.  I expect a squeeze into the close when traders realize what is going on here.  There is now another QE program, this time in Europe.  Plus, I expect a QE3 from Banana Ben at anytime.

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