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Wall Street riding on a false hope get ready for a crash. |
If you think you have seen it all in 2011, then get ready for even bigger roller coaster ride of stock market in 2012 till first quarter of 2013. Volatility is likely to remain high throughout 2012 and mostly above 20 in most part of the year. 2011 was a year of failed promises from Politician across the continents right from US debt debate, to US Job bill or so called Super Committee. Even EFSF was set up for above 1 trillion dollar but the fund didn't even cross 500 Billion euro. Eur/Usd is right now below 1.30 and Italian bond yield above 7. Both are in the danger zone, suggest how much work is done in Europe to save Euro.
US stock market was up in last two week because of the positive data from US market, " Yet, many traders are expecting QE3". If the economy is so good then why the trader are expecting QE3 ?