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Investors and economists agree: No QE3

From money.cnn.com

More stimulus from the Federal Reserve would probably boost the stock market, but regardless, both investors and economists agree: They don't want QE3. In a CNNMoney survey of investment strategists, 93% said they don't think the Federal Reserve should announce more stimulus at its next meeting. And 77% of economists surveyed agreed. The majority of both groups said further stimulus would boost the stock market, but would have little to no impact on the broader economy. "Nobody likes it when the punch bowl is taken away, but the party has gone on too long," said Doug Cote, chief market strategist at ING Investment ... (full story)

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