No more quantitative easing?
Traders Worry That April 27 Could Derail the Bull Market
http://www.cnbc.com/id/42362299
Bernanke is set on hold a press conference on April 27th, regarding quantitative easing. What are you investors out there planning to do?
“The end of ‘QE2’ could induce a 10 to 15 percent correction,” said Peter Boockvar, equity strategist at Miller Tabak.
I currently hold a leveraged S&P 500 fund (3x long), and I'm not sure ifs its best to sell it prior to the announcement and reenter the market afterwards, or just stay long?
Why are you holding a 3x long ETF? Those things are suckers bets...volatility drag hurts you way too much.
Yeah I know but its not a long term investment for me. After events in Lybia/Japan, I wanted to take advantage of the low price so I bought it at $73.15 a few weeks ago and it closed today at $80.67. I plan to hold it into the earnings season though, so I’m asking if I should sell before the fed makes its announcement – one really bad day can erase all my gains.
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