So after all this talk of QE3 its finally arriving, is everyone excited to see BUBBLE ben bernake push more worthless trillions into this worthless economy? Lets be serious now, enough is enough, this is a fucking fools game at this point, a market "craving" stimulus, come on already, how much more of this pathetic nonsense can we listen to, where are the free fucking markets, enough of the smoke and mirrors and the involvement of BUBBLE ben bernake and friends to pump up a market and economy with even more worthless dollars. This isnt a fix, this is just another failure... Markets Crave StimulusâWill the Fed Give Them Their Fix? Published: Sunday, 9 Sep 2012 | 6:10 PM ET Text Size By: Patti Domm CNBC Executive News Editor New evidence of sluggish U.S. jobs growth and dovish tones from Federal Reserve officials have pumped up expectations that the central bank could announce a new easing program after its meeting Wednesday and Thursday. The two-day Fed meeting is the big event in a week that includes some important economic data. Retail sales data Friday is likely to show consumers increased spending in August, but inflation data could show that some of what is being purchased is just higher priced gasoline. In addition to easing from the Fed, traders are watching for other global stimulus that helped lift stocks in the past week. China, for instance, approved 60 infrastructure projects worth $157 billion, boosting global stocks and commodities Friday that could benefit from that spending. Meanwhile, the European Central Bankâs announcement Thursday of a bond-purchase program aimed at lowering borrowing rates for cash-strapped countries helped give a lift to risk assets, and the focus now shifts to a German court ruling Wednesday on whether Europeâs ESM bailout fund is constitutional. (Read more: Is the ECB's New Plan Too Late to Save Greece?) The weak U.S. August employment report Friday raised the odds that the Fed could move sooner rather than later on a new asset purchase program, or QE3. Wall Streetâs Fed watchers, including some who did not expect QE, now see the possibility of a new open-ended program the Fed would use to purchase a mix of Treasurys and mortgage-backed securities. (Read more: Market Sees 'Helicopter Ben' Coming to the Rescue) Just 96,000 jobs were created in August. âI do think this makes it more clear to them that they may want to do more,â said Dean Maki, chief U.S. economist at Barclays. âThe fact weâre in the middle of an election season is a mild detriment but at the end of the day, theyâre going to do whatâs best for the economy.â Republican presidential candidate Mitt Romney and his running mate, Rep. Paul Ryan, (R-Wis.) have said they see no need for more Fed easing, and some in the markets say the easing could be construed as helping President Obama. While there is no clear consensus the Fed will act this Thursday or some time later in the fall, there is a fairly uniform expectation that the Fed will extend the time frame for which it intends to keep interest rates near zero from 2014 to mid-2015 or later. âI think they will push out the rate guidance next week,â said Ward McCarthy, financial economist at Jefferies. âThe big question is what they do with the balance sheet. Thereâs very little doubt in my mind that theyâre headed toward an open-ended QE.â McCarthy said the Fed could be flexible, calibrating its activity to the economyâs performance. QE expands the Fed balance sheet, and in theory drives investors into riskier assets while keeping rates low. Whither Stocks Stocks in the past week had the best performance since June. The Dow [.DJIA 13303.97 -2.67 (-0.02%) ] was up 1.7 percent to 13,306, the highest level since Dec. 28, 2007. The S&P 500 [.SPX 1435.99 -1.93 (-0.13%) ] was up 2.2 percent for the week to 1437, the highest level since January, 2008, and the Nasdaq [COMP 3121.97 -14.45 (-0.46%) ] rose 2.3 percent to 3136, its best level since November, 2000. Stocks had their best day of the week Thursday, after the ECB announcement. âAfter a huge day like yesterday, after a weak jobs report like we had, for the market to have a follow through like this, shows thereâs demand for stocks,â said Scott Redler of T3Live.com, who trades the short term technicals. âLeading stocks continued to make new highs. The banks are up three days in a row, showing power.â âI think we could pause in front of the Fed and digest a few days up here,â he said. Redler said he expects to see a lot of excitement around Apple [AAPL 671.99 -8.45 (-1.24%) ] in the coming week. The company is expected to announce its next generation i phone Wednesday. Redler, who owns Apple, says it could easily reach $700 a share based on the way itâs been trading. (Read more: Is Sept. 21 Really When the New iPhone Will Launch?) Jack Ablin,CIO of Harris Private Bank said the marketâs recent run has made him consider taking some profits, as his target for the year is 1450 on the S&P 500. âThe closer we get the more tempted I am to watch the election with some dry powder,â he said. âWe normally like to stay in an extended market if thereâs momentum,â he said. âFor me to reduce risk is kind of running a little counter to our process â¦ We threw a year-end target out there that we thought was reasonable and attainable. If we got there before year end, Iâd rather, if I can, get my returns.â There is concern the election season will become increasingly volatile for stocks, and the market could get slammed in the fourth quarter if Congress does not act to resolve the "fiscal cliff." The fiscal cliff describes the hit the economy would take if Congress fails to stop the expiration of the Bush era tax cuts Dec. 31, or prevent a wave of automatic spending cuts that would take effect Jan. 1. Binky Chadha, chief global strategist at Deutsche Bank, said he does not see that scenario as the most likely. Instead, the market may be acting as it historically has when a presidential election is a close call. âI would say the election will play a role but it has not so far,â he said. âIn all those close elections, what typically happens is the market is essentially flat September and October going into the election, and then you see a very robust five-percent increase between election day and year end.â âWe should get the typical five-percent pop,â he said. Chadha said the election could provide more âpopâ if Republicans win the presidency or take control of the Senate from Democrats, as they are viewed as better for markets and could make clear moves to avoid the fiscal cliff. Chadha said another plus for stocks is that the tail risk from Europe has lessened with the ECB action, and the stock market may now respond to the economic data, despite Augustâs poor jobs report. He said the market is already being helped by an increase in positive surprises in economic data. In the past week, the data were mixed with improvement in jobless claims and the ISM nonmanufacturing survey (a gauge of the services sector), but weakness in the ISM manufacturing survey and the employment report. But the lowered forecasts from economists may now be easy for the economy to beat. âWe are actually at the cusp of getting positive surprises. What weâve got so far is the less negative surprises,â he said. Stocks typically move in correlation with surprise indexes. Econorama Maki said he does not expect any of the data ahead of the Fed meeting to have a significant influence, but he is watching consumer-related sales and inflation data at the end of the week. âWhat will be most interesting and most important for GDP will be the retail-sales report we got on Friday â and the CPI report is also Friday,â he said. âWe believe CPI is going to show an 0.8 headline rise, which is going to be a kind of counterpoint to the (Fed) easing, when you get that kind of rise the next day. But that will be mostly gasoline which the Fed doesnât focus on.â One criticism of QE is that it causes inflation, as investors buy commodities, and the dollar weakens. Maki expects headline retail sales to show a 0.7 percent gain, in part from car sales and gasoline. Core should be up 0.3 percent. âWe do believe consumer spending is picking up in the third quarter. We think GDP growth will as well,â he said. Maki expects 2 percent GDP for the second growth but it is tracking a little higher at 2.3 percent. Even with low job growth, the consumer is showing signs of life. âWeâre just not getting any liftoff. The unemployment rate has been stuck in the low 8-percent range,â he said. The unemployment rate fell in August to 8.1 percent from 8.3 percent but because more people dropped out of the workforce. âThe Fed thinks the unemployment rate should be in the 5 to 5.5 percent range,â he said.