Since October 2011, S&P500 up 24% more then combined effect of QE2 and operation twist.

Wasting Tax payer money. 

Everyday more then ten economic data publishes globally. Most of the data is showing global slow down but stock market keep rising on the hope of easing. Since October 3rd 2011 to August 31st 2012, S&P500 has made a gain of 275 point (24.32%) more then combined effect of QE2 and operation twist which was 23%. During QE1, S&P500 made 39% gain but it was recovering from the financial crash. Whether its QE3 or LTRO3, at this time everything looked priced in and market is too much up for any kind of easing and even if easing happens, it takes 3-6 month of showing any effect by that time Ben Bernanke would be out if Mitt Romney wins the election.

Trading Strategy for September 4th:

Based on the chart stock market is still expected to open lower. But tomorrow ECB is again carrying fine tuning operation, which has caused maximum higher open and rally in this market, so becareful and don't take big position as short.

For bullish sentiment to continue, Dow needs to break 13157, and S&P500 needs to break 1408.

For bearish sentiment to continue, Dow needs to break 13055, and S&P500 needs to break 1400.53.

Percentage Gainers
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
Navios Maritime Acquisition	NNA	5,000	$2.83	0.14		5.20	$2.92	$2.80
KEYW Holding	KEYW	7,393	11.50	0.24		2.13	11.50	11.14
Thompson Creek Metals	TC	27,712	2.88	0.06		2.13	2.90	2.82
Renren Cl A ADS	RENN	10,000	3.89	0.06		1.57	3.89	3.83
Activision Blizzard	ATVI	244,905	11.92	0.16		1.36	11.92	11.66

Percentage Decliners
Issue	Symbol	Volume	Last	Chg	% Chg		High	Low
MannKind	MNKD	147,375	$2.38	-0.32	-11.85		$2.71	$2.30
Aurizon Mines	AZK	10,895	3.93	-0.15	-3.68		4.07	3.93
Augusta Resource	AZC	8,187	2.72	-0.08	-2.84		2.72	2.72
International Tower Hill Mines	THM	27,005	2.92	-0.08	-2.59		2.94	2.92
Alon USA Energy	ALJ	11,982	13.33	-0.35	-2.56		13.71	13.33

Economic Calendar

Session				Time	Currency	Event	Impact	Actual	Forecast	Prev.
				0:30	AUD	RBA - Overnight Rate	high		3.5	3.5
				0:30	AUD	RBA Monetary Policy Meeting	low
				1:45	CHF	GDP	high		0.2	0.7
				1:45	CHF	GDP	high		1.6	2
				3:00	GBP	Halifax House Price Index (4th-7th)	low		-0.8	-0.6
				3:00	GBP	Halifax House Price Index (4th-7th)	low		0.2	-0.6
				4:30	GBP	CIPS Construction PMI	med		50	50.9
				5:00	EUR	PPI	med		0.2	-0.5
				5:00	EUR	PPI	med		1.6	1.8
				6:30	EUR	EU's Van Rompuy meets Germany Chancellor Merkel	low
				7:00	EUR	Italian PM Monti meets French President Hollande	low
				8:58	USD	Manufacturing PMI	low		51.9	51.9
				10:00	USD	Construction Spending	low		0.4	0.4
				10:00	USD	ISM Manufacturing	high		50	49.8
				17:00	USD	Vehicle Sales	low		14.2	14.05
				17:00	NZD	PM speaks on Chinese Relationship	med
				19:01	GBP	BRC Shop Price index	low			1
				19:30	AUD	AIG Services PMI	low			46.5
				20:00	CHF	SNB's Danthine gives speech at 30th SUERF Colloquium - States, Banks and the Financing of the Economy	low
				21:30	AUD	GDP	high		0.8	1.3
				21:30	AUD	GDP	high		3.7	4.3
				21:30	JPY	BoJ's Miyao Speech and Press Conference	low