QE3

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Parasnand Madho
12 Sep, 2011 | 08:05 AM
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Courtney Raio
1 Sep, 2011 | 04:48 PM
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Markets closed lower, snapping a four session winning streak ahead of tomorrow’s key non-farm payrolls report.  The Dow jumped into positive territory after an ISM report at 10:00 that beat expectations, but enthusiasm faded throughout the day because of the QE III trade.  The markets may be stuck in a no-win situation as it appears that even a good economic report could trigger a sell-off because QE III may already be priced into the markets, and any signs of growth could stem the discussions of further easing.  Conversely a bad report may not resul ...