I'll be asleep when he outs with the lies, but here is what will happen. He won't announce QE3. He'll say the economic indicators are all going up and we don't need it.
He won't say that the government is cooking the books to get the numbers up. Based upon that nonsense, the market will take a ride up. It may last into next week. Pretty soon, however, the sheeple will grasp that Bernanke has fired his big guns and has nothing left. When that settles in, the market will tank yet again, but this time it won't stop at 10,800.
Bernanke will run out and make another speech, and maybe start QE3, but we now know that TARP, QE1 and QE2 did nothing to solve any of the problems and neither will QE3. And then Europe will start dropping like dominoes and then so will we.
We are already in Depression v2.0 - but no one is willing to admit it.
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