When the Fed's first QE3 injection found its way into markets in mid-October, the stock market as measured by the S&P 500 increased by +3%.And when the second larger round of liquidity flowed into the system in mid-November, stocks advanced a more pronounced +6% and managed to break back above critical resistance at the 200-day moving average in the process.
So what might we expected from stocks with the next wave of liquidity set to arrive next week?
North direction to the Santa.
It is also in a good agreement with:
* Morgan Stanley*
** I Know First system**
positive stance on the markets near term.
Good Luck to all of US!
Companies had a record $1.74 trillion in cash and other liquid assets on their balance sheets at the end of the third quarter, up $44 billion from three months earlier.
Companies added another $215 billion in financial assets that don’t qualify as liquid such as overseas investments and holdings of financial subsidiaries.