Seems every other hour they are writing another article about QE3. Tired of the hype and talk about what BUBBLE ben bernanke is going to do this Friday when he has his big circus show. How fucking dumb was anyone to believe that QE1 and QE2 were going to work, they can release QE3, QE4, QE5 and QE?? and it still will not fix the economy, why don't these fools comprehend this, BUBBLE ben bernanke has already fucked up the economy and will continue to do so, he cant do anything now, he is done with every single tactic he could come up with. So anyone hoping and wishing for QE3 can keep on wishing for it because if it happens or doesn't happen its not going to fix this worthless economy! Even if Fed Moves on Third Round of Stimulus, Markets Won't Take Off CNBC.com | August 22, 2011 | 02:12 PM EDT Some movie sequels are great, like Godfather II, Empire Strikes Back, Return of the Jedi, Toy Story 2 & 3, and Terminator II but most are not, like Godfather III, Revenge of the Nerds II, Dumb and Dumberer, and CaddyShack II. Many sequels of course overstay their welcomes. As we await Bernanke's speech on Friday, many are calling for another QE sequel titled Printing, the Path to Prosperity. QEII as it's otherwise known was well received by markets because it helped to lift asset prices, temporarily as we've seen, but critics knew there was no real economic impact as evidenced by the almost zero growth seen in the first half of 2011. If QE3 gets the greenlight, expect a cheer from the stock market [ .SPX 1128.27 +4.74 (+0.42%) ], but don't expect that to last long as it will give no help to economic growth. I'm of the opinion that we got pseudo QE3 on Aug 9th and the only thing Bernanke will do on Friday is explain the bullets he has left but won't be pulling any of those triggers now, likely disappointing asset markets. ________________________________________________________ Markets Could Be Making a Losing Bet on More Fed Easing CNBC.com | August 22, 2011 | 02:15 PM EDT Investors betting that Federal Reserve Chairman Ben Bernanke is about to come to the rescue with another round of monetary easing could be setting themselves up for a major disappointment. Bernanke's much-awaited speech during the central bank's gathering at Jackson Hole, Wyo., later this week is setting up as a potential lose-lose situation: The chairman may not provide the market's desired signal for a third round of quantitative easing âor QE3âand even if he does it may not help. That's the sentiment of a number of economists and strategists, despite a Monday market rally that appeared to be fueled by speculation that Bernanke will ride to the market's rescue at the same time and under similar circumstances in 2010. "The market's sending a signal to Bernanke saying, 'We want QE3 and we want it this week, or we're going to hammer you and the market will get absolutely killed,' " said Keith Springer, president of Springer Financial Advisory in Sacramento, Calif. "The stock market is addicted to QE." Then, as now, Bernanke faced pressure to act after the market slid 17 percent in the summer of 2010 amid fears of European sovereign debt contagion and a double-dip recession in the U.S. The market has dropped nearly the same amount since coming off its early May 2011 highs and as one economist after another cuts projections for growth this year, to levels near 1 percent. In 2010, Bernanke used his Jackson Hole speechânormally a low-key affair that vaguely charts the central bank's direction well into the futureâto indicate that additional asset purchases were on the way to stimulate growth. In November, the Fed announced $600 billion in Treasurys purchases that sent stocks on a sharp upward trajectory for eight months and kept interest rates at a relatively low level. But since the summer slump, the S&P 500 [ .SPX 1128.14 +4.61 (+0.41%) ], while up about 6.5 percent since the Jackson Hole speech, is actually about 4 percent lower than when the second round of easing officially began. The slowdown will add more drama to the direction Bernanke signals at Jackson Hole. "We believe Bernankeâs Jackson Hole speech will include a detailed discussion of the potential for more easing through large-scale asset purchases," Goldman Sachs economist Zach Pandl wrote in a note. "A variety of indicators suggest many investors already expect more QE." Pandl pointed specifically to a CNBC survey indicating that asset purchases already may have been priced into the market, meaning that more would be required to juice the market further. Instead, Pandl expects the discussion to focus more on what is referred to sometimes as Operation Twistâa 1960s-era term that refers to the central bank's effort to compress the yield curve . Rather than expand the already-bloated Fed balance sheet, the move would sell short-term debt and buy-long term debt, as a way to drive down long-term rates further and spur investment. "Based on our conversations with clients, we believe investors would be very surprised if the speech did not include a discussion of asset purchases," Pandl wrote. "We see two main reasons why Fed officials may prefer to change the composition of the balance sheet as a first step...If used aggressively, this could have a sizable impact." Whether that will be enough to assuage the market's thirst for even more of the unprecedented intervention that has taken place since the financial crisis is an open question. Wall Street, though, seemed to be sending a signal Monday. "Market up today only because (it) expects that Ben will come by helicopter to Jackson Hole to dispense QE3," Nouriel Roubini, head of Roubini Global Economics, tweeted on his Twitter account early Monday. "If he doesn't, (expect to) see market sharply down." But investors banking on the kind of impact the Jackson Hole speech had last year may be let down. "It definitely could be setting up for disappointment," said Dave Lutz, managing director of trading at Stifel Nicolaus in Baltimore. "People might be covering some shorts going into it. But I don't see traditional managers taking big bets going into Friday, given that it's such a high volatility event." The market, then, could use the Bernanke speech not as an event to smooth the peaks and valleys that have dominated trading over the past seven weeks, but rather to exacerbate them. "The big thing is if he does announce it we're going to have a thousand-point rally. We'll be making new highs before you can blink," Springer said. "I am hedged right now, but you've got to have your finger on the button."