Stocks are taking a breather after yesterdays powerful move, seemingly is response to a somewhat disappointing unemployment number. Investors were hoping for more employment gains after all the trillions in government stimulus. However, this number is more likely good news as it will keep the Federal Reserve stimulating the economy, through further Quantitative Easing. They may let QE2 run out and see if the market can stand on its own, but they will quickly realize that it won’t. Get ready folks, QE3 is just around the corner. You heard it here first!
Regards -Keith Springer