gunDriller
26th October 2010, 03:35 PM
i'm wondering about the events of next week, the combination of the election and the Fed meeting where they are expected to announce more details of the Money-Printing Solution.
Marc Faber said something about the market pricing in a certain amount of QE already. he implied that if QE is "only" $500 billion, the stock market would say "that's not enough", and would "correct" (i.e. decline).
also i think the Republicans re-taking the House and/or the Senate would have some financial market implications. in the past they were supposed to be "pro-business" but now we know the Dems & Repubs are basically 2 sides of the same PNAC coin.
but the markets still think of the Repubs. as pro-business ... i think.
anyway, i'm not sure what scenarios will occur & how it will affect PM prices.
but i think in the few days after the election & FOMC meeting, there will be some volatility as the markets react to the news.
but if they repeal Obama-care, i will definitely find a way to celebrate ! ;D
Marc Faber said something about the market pricing in a certain amount of QE already. he implied that if QE is "only" $500 billion, the stock market would say "that's not enough", and would "correct" (i.e. decline).
also i think the Republicans re-taking the House and/or the Senate would have some financial market implications. in the past they were supposed to be "pro-business" but now we know the Dems & Repubs are basically 2 sides of the same PNAC coin.
but the markets still think of the Repubs. as pro-business ... i think.
anyway, i'm not sure what scenarios will occur & how it will affect PM prices.
but i think in the few days after the election & FOMC meeting, there will be some volatility as the markets react to the news.
but if they repeal Obama-care, i will definitely find a way to celebrate ! ;D