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Saturday, October 13, 2012

Is the QE3 Rally Over?

The major indices were down 2-3% this past week, which is the biggest weekly drop since the first week of June, 2012. In addition, Q3 earnings are expected to be -2% YOY, but the predicted impact on stock prices is mixed.

So is the market rally created by QE over? 

While the market looks tired, I don't think we'll know for sure until next week.  If earnings beat expectations, I think the rally will resume.  If earnings disappoint, October may be a very disappointing month.  

Perhaps another sign the rally is over is my decision last week to put more money into the market :-)
For more on Reflections and Musings, check back every Saturday for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

Copyright © 2012 Achievement Catalyst, LLC

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