There has been a bounce today in Wall Street a day after a huge 6% sell off. Most investors are trying to grab stocks at lower valued prices, yet most investors and analysts are clear that the drop will continue over a long time since the economy’s fundamentals are weak. Some say the US has already entered a recession and others believe we are borderline.
QE3 Coming?
The rumor mill is spinning that the Ben Bernanke’s statement today will amount to a QE3, yet many investors see that as no solution. Some feel that it just means a further devaluing of the dollar and many will run far from equities if that becomes the Fed’s game plan.
Sorry, comments are closed for this post.