sing I looked at the calender and it's 2/22/2011 today. But here you are so sure nothing happens to "end of QE..not before". I siad to you before, you don't trade stocks, so you really should not have had your hoofprints all over this thread. But do what you must.
To call a top, technical price action verification is required. And that means taking out the trendline channel we have been in. And that has not happened yet. When that happens, I will get short. But there is no legitimate technical price action evidence that a top has been put in.
thats so wrong on so many levels. Just compensating for whatever is lost in consumer bks? you got banks like BOA sitting on over 130 billion dollars cash. When they start lending that money out everyone will be fucked. Take into account how money travels in the banking system the end affect could be ten fold, so that will add over a trillion dollars to the economy. Thats what will start the inflation spiral in my opinion. Right not banks are not lending as much as they were (not even close) its a liquidity trap. When that ends inflation will happen. This whole "printing money right now wont lead to inflation because its just compensating" is bullshit.
actually bone the S&P won't see 1344.1 for a long, long time. and to me that's a top. but you don't care as long as you get in your plug. why don't you start your own thread? no advertising on this thread ok.
Banks like BOA are going to have to get their asset ratio up under Basel III, I wouldn't worry too much.
actually thats not entirely true, the riskier the asset the more the banks have to hold in liquid instruments or cash however if its very low risk, the requirements are very low. I.e. if BOA gets a lot of AA grade investments they could leverage them a lot. Once they resecurtize the toxic assets and start holding a lot of risk free grade investments, Basel III is out the window. edit: lets not forget that the subprime debts were rated AAA, so there are always loopholes