Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
It would be funny if it was not real money but at 3:14 PM Jon Hilsenrath (aka the Fed’s mouthpiece at the WSJ) had a story put on the WSJ website about how QE3 is more probable now. Since then the S&P 500 has reflexively rallied 6 points.
This has all jumped the shark by this point.
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog