Buddy, you are incredibly clueless. The more you post the more stupid you seem. This is some trick to standout on this site as a bastion of ignorance but you are succeeding. Please go away. Stop spamming this board with this crap.
Because the ability to service debt is already severely strained and further increases in the cost of living make it a certainty that we will experience another round of serious defaults. I'll never understand the stupidity of you guys who look at the world thru "the stock market" as if it's the be all, end all to everything. Of course, you are also the very same fools that Bernanke et al. count on for support as you see the S&P at 1300, but ignore gold at $1400+ and silver at $35 along with crude oil over $100...not to mention just about any commodity in existence.
Well, if it's so obvious, just go long commodities, if you're right you'll make enough profit to smile when filling your tank at the pump.
The market is relying too much on stimulus, strip out everything they ever did to prop up this market and gdp would be well below 0%, there is no turn around, every positive economic number is coming from the worthless trillions they injected into the market. QE3 is just going to make the economy worse...right now you should hope that its just a rumor and not actual news.
From what I've learned and seen, what stands out among all the previous Fed chiefs, with the exception of Volcker, is that they have replaced one bubble for another. I'm afraid such a poor logic has outlived its usefulness. Within the last 150 years, we've created bubbles in just about everything known to human kind. What more is there?
4 functions of the Fed -Privatize Bank gains.. -Socialize Bank losses -Create Bubbles -Deny all of the above