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  • pauljustin47 pauljustin47 Aug 9, 2011 9:04 PM Flag

    What's changed

    <<<why all the optimism in the market.>>>

    I'm not sure either. Stocks went down from 2:15 to 3:00, when I left for a meeting. I got back to my office around 5PM and the market was up 400 points.

    I read the statement. It says the economy is getting worse (duh), and we'll probably keep ZIRP for at least two years (duh, did anyone think he was going to raise rates?). That's it. No mention of QE3 except to say that they were keeping their options open. Am I missing something? Why did the market rally so hard? I've a feeling it could have been bogus, but who knows.

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