IT IS SEPTEMBER....your summer job in August trading AGNC is over. Jobs report is out this week, which will show increase of 200,000. FED will start to taper in September.
NEW YORK (Reuters) - Wall Street is bracing for a wave of economic reports this week, including the August jobs report, which might prove decisive in determining whether the economy is strong enough for the Federal Reserve to dial back its bond purchases in mid-September.
Anxiety about the Fed's possibly reducing its $85 billion monthly stimulus, also known as QE3, has hurt the stock market, which recorded its steepest monthly fall since May 2012.
But the stock market's greater anxiety, which has developed in recent weeks, is that the Fed will press ahead with a reduction in support even as the economy remains fragile.
QE is not working, because China, Japan and whole lot of others are selling way more than FED is buying, hence it is just throwing money away. The taxpayers have lost enough. Plus inflation is coming back, there was just a nationwide strike by McDonald workers they want increase from $7 to $15. Prices of almost everything being raised weekly. IT IS HERE AND THE JOB NUMBERS WILL CONFIRM. The odds of taper in September is almost 100% by economist. Betting against the FED and all the econmist is not wise. Mortgage rates will be over 6% by next spring, 2014..