The market traded higher early this week, and many believed it to be due to expectations about possible QE3 coming out of the Jackson Hole Fed summit. Well, the announcement has now come and gone, and there was no suggestion that QE3 is imminent or inevitable. However, the market received that news kindly and has rallied strongly today, with the Nasdaq up 2.3%. The Fed will keep the option on…
View the full post at http://blog.t3live.com
