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Archive for September 12, 2012

2012/09/12: Quick Post: Courtesy Market Alert: German Court swing tees it up for Bernanke

September 12, 2012 Leave a comment

© 2012 ROHR International, Inc. All International rights reserved.

Short & Sweet again on the specific market comments in this post, because today’s TrendView Market Alert is a pointed discussion of some significant trend levels seen in the wake of the Germ High Court (partial) approval of participation in the European Stability Mechanism (ESM.) As we have noted in previous posts, we feel QE is the Opiate of the Perma-Bulls. We will have more for you on that soon.

However, in the meantime it would seem that whatever Mr. Bernanke has to say on Thursday must be respected as a potential short term influence on the markets. And that is in spite of the far greater influence which will come back into focus on economic data after he is done. What we now curiously see is that even QE proponents allow that it will not do much to improve the US economy. Even they admit this is not a liquidity crunch or high interest rate round of economic weakness, and the impact of further quantitative easing is problematic at best.

 

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