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All eyes on Bernanke, but QE3 has sailed

From marketwatch.com

With investor panic growing faster than the U.S. economy is weakening, all eyes turn to Fed chief Ben Bernanke this month to see if he will launch a third round of bond buying to prop up the global markets. Don’t hold your breadth, folks. The QE3 has sailed. Stock markets, housing markets and jobs payrolls may be falling faster than Greek debt ratings these past few weeks, but in part that’s because investors are looking for any excuse to sell after we had four strong months at the beginning of the year. The June swoon, or sell-in-May-and-go-away, or the end of the eight-best-months seasonal trading pattern, or ... (full story)

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