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<p>[QUOTE="InfleXion, post: 1258189, member: 29012"]I don't really think news has the ability to move things outside the trend boundaries, but rather just ping pong between them. The trends are there because of real concerns and real actions that exist whether or not the news reports them one way or another or at all. Of course if nobody knew what was going on then nobody would change their habits, but it seems to me that insiders dominate trading volume anyway since most market moves happen at or before the actual announcement, prior to stories being published. This was especially notable with the US debt downgrade and the margin hikes this year. Now if the underlying concerns and actions behind the news change then I would expect the trend to adjust accordingly. </p><p><br /></p><p>As to whether QE3 will help stocks, I figure people will have increased risk appetite instead of seeking safe haven, as it would give the appearance of a better recovery than in actuality due to propping things up. This mentality would seem to indicate that precious metals should drop, but I think that the monetary debasement would account for any lack in safe haven demand. There's always more factors than meets the eye though.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1258189, member: 29012"]I don't really think news has the ability to move things outside the trend boundaries, but rather just ping pong between them. The trends are there because of real concerns and real actions that exist whether or not the news reports them one way or another or at all. Of course if nobody knew what was going on then nobody would change their habits, but it seems to me that insiders dominate trading volume anyway since most market moves happen at or before the actual announcement, prior to stories being published. This was especially notable with the US debt downgrade and the margin hikes this year. Now if the underlying concerns and actions behind the news change then I would expect the trend to adjust accordingly. As to whether QE3 will help stocks, I figure people will have increased risk appetite instead of seeking safe haven, as it would give the appearance of a better recovery than in actuality due to propping things up. This mentality would seem to indicate that precious metals should drop, but I think that the monetary debasement would account for any lack in safe haven demand. There's always more factors than meets the eye though.[/QUOTE]
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