I hope you don’t take my off the top ramblings too too seriously, but it would appear that QE3 is not very big and certainly not nearly as big as QE1 or QE2. To me, this latest round may prove to be a let down and markets could actually sell off. That being said, as a trader there is almost nothing I like long or short so sidelines is the call for now.
While I am sure Dr. Bernanke has the best intentions in mind, this round may not get us the same juice as rounds past. In other news, it’s kinda scary that the Muslim community has banded together to hate America under Hezbolla, but maybe with all of the military actions we brought it on ourselves. As Mitt Romney shows his true foreign policy colors, are Americans simply fed up with our role as policeman of the world? Fighting Islam is certainly a fool’s Inquisition — hopefully cooler heads prevail both over there and over here. At least Obama isn’t throwing jabs at China, Russia, and the Middle East (though rumor has it that we supported the wrong guys during the Arab Spring, but I digress!).