Well, Bernake again came out and said that there would be no QE3 today. So with two press conferences this month and a consistent message, one has got to believe that he is not going to engage in another round of QE unless we really need it. So, I guess the world's financial markets will have to make due on their own.
I expect somewhat choppy markets ahead, but perhaps upwards as the panic in Europe has cooled off a bit. I am buying some more upside exposure today via EDC and adding to my FAS position.
MONKEY BUSINESS:
Buying: FAS @ $12.70, EDC @ $20.05
Holding: AGQ ($159.70), FAS ($12.50), ERX ($40.20)
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