Nouriel Roubini tweets that QE3 effectively started today.

[dejavu22]

http://www.businessinsider.com/roubini-qe3-has-begun-2011-8

[Nic]

When Roubini speaks, it's a good idea to stop and listen.

[wgadget]

So tomorrow the DOW is up, right?

[Seraphim]

God damn Central Banks are REALLY, REALLY walking a tight rope.

Buying ones own bonds ------ FUCKING LAUGHABLE.

Enjoy your pretty colored confetti while it lasts...

[Carehn]

So tomorrow the DOW is up, right?

Im thinking it will start up. bomb a bit and be around -200 by the end of the day. Monday it will be up a little.

[dejavu22]

here is what i posted on huffpo then someone responded with the tweet.


It was a fairly smooth ride down all day not sharp like a panic sale. Truthfully imo if there is not a bounce tomorrow i think that the Dow could easily lose another 2000 in the next month. August is traditionally a good month for stocks as the summer winds down. If we go into Sept and October, which are traditionally disastrous months for stocks, in a funk, which i sadly expect to happen, we could be looking at Dow 8000 by Halloween.

Then there will be a push for QE3 and another stimulus "jobs bill" and then hyperinflation will become a serious probability.

[Brooklyn Red Leg]

:sigh:

Fuck, I need to secure another vehicle soon cause bugging out is going to become a serious issue in the next year or two.

[FreedomProsperityPeace]

I'm expecting the job numbers to be crappy again and the market will go down 50-100 more points.