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Monday, August 22, 2011

Quote of the Day: 8/22/11

Actually 2 quotes...

~  "Market up today only because (it) expects that Ben will come by helicopter to Jackson Hole to dispense QE3. If he doesn't, (expect to) see market sharply down." --  Nouriel Roubini, head of Roubini Global Economics

~  "The big thing is if he (Bernanke) does announce it (QE) we're going to have a thousand-point rally. We'll be making new highs before you can blink...  The market's sending a signal to Bernanke saying, 'We want QE3 and we want it this week, or we're going to hammer you and the market will get absolutely killed'... The stock market is addicted to QE."  -- Keith Springer, president of Springer Financial Advisory

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