deflation is alive and well. commodity prices crashing gives the fed plenty of reason for more QE. after operation twist, QE4 will be underway. another MBS purchase program to drive down mortgage rates already in the works just in time for next year's buying season. could see mortgage rates hit 3.0% or even high 2's when it happens. commodity prices will then go up once it begins. i would wait for around feb or march to get in.