Wall Street eased as Fed minutes disappointed on QE3 clues, but stimulus can still be expected by Christmas.

The Fed’s minutes out this morning didn’t offer too much that was new. I guess the important thing to take out of them is there was no clear signal that QE3 is coming which at this point is what a lot of punters are expecting. Regular readers know I think QE3 is pretty much locked in at this point – the PR campaign has already started and only the timing remains uncertain (watch the primary dealers for a better idea of exact timing). Year end is a good bet when we get all the theatrics surrounding the looming ‘fiscal cliff’. What a Merry Christmas that’s going to be. Thankfully we’ve got cricket.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles