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Saturday, December 4, 2010

Ben Bernanke QE3 $600 Billion

Dec. 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke defended the Fed’s decision to purchase $600 billion in Treasury securities and didn’t rule out expanding the program, in an interview for CBS television’s “60 Minutes,” the network said...  http://noir.bloomberg.com/apps/news?pid=20601087&sid=aXZbfhSFuxo0&pos=3

Comments : Below expectation job growth hitting 9.8% with QE3 in the process will see more funds flowing to Asia (SSE, HSI, STI) and emerging stock markets. SPX Top 1300 or surprise with further upside! Let's monitor and hope both EU and two Koreas no negative events to upset the bullish (big rally) stock markets.

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