Relevant:
- Gold Staging Technical Breakout As Market Continues Reaction To FOMC Minutes
- By The Time Operation Twist 1 Is Over, The Fed Will Have Quietly Completed 40% Of Operation Twist 2 As Well
- Has Operation Twist Played Out Already? Time to Short Bonds?
- Hedge Funds Caught Too Short by Rally
- Bill Gross Predicts QE3 and Operation Mortgage Twist
2011-09-20 — blogspot.com
``The consensus view that the Fed is going to stop at 'Operation Twist' may be in for a surprise. It may end up doing much, much more. And this may be one of the reasons why the stock market is starting to rally (a classic 50%+ retracement, which always occur after the first 20% down-leg in a cyclical bear market would imply a test of 1,250 on the S&P 500 at the very least). Hedge funds do not want to be short ahead of next week's FOMC meeting, and who can blame them?''
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