Pashabxl

SPX: Acknowledging the end of QE3 despite low IR

SP:SPX   S&P 500 Index
As we have foreseen in the previous studies, the market is acknowledging the end of FED's QE3 program. There is still cheap money in the market i.e low interest rate, but as we have foreseen, ECB's TLTRO and ABS is not profiting to US market contrary to QE3 which has benefited to everybody including the European market.
The correction process before SPX             starts to fly without any assistant may last until FEd's decided to increase it's interest rate. In other words, I very much think that we are far from seeing any time soon all time high.....
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