U.S. Will Roll Out QE3 After S&P Rating Cut, Li Daokui Says

http://www.bloomberg.com/news/2011-08-06/u-s-will-roll-out-qe3-after-s-p-rating-cut-li-daokui-says-1-.html

SAMEER SAYS


IF THE MARKET HAS TOPPED - AS I V SAID IN THE PAST - THAT WE WILL SEE A STOCK MKT TOP SOMEWHERE IN 2ND HALF 2011 AND EARLY 2012


THEN QE3 OR NOT - IT WILL NOT MAKE A DIFFERENCE


STOCKS CRASHED RIGHT THRU QE1
QE1 DID NOT CHANGE THE COURSE OF HISTORY


I SAY AGAIN
IT S A MATTER OF WHERE YOU ARE IN THE CYCLE


QE2 LOOKS TO HAVE WORKED A LITTLE BIT - AT LEAST AS STOCKS WENT UP FROM SEPT LAST YEAR TO JUNE THIS YEAR


AS WE WERE IN THE DEAD CAT BOUNCE PART OF THAT WAVE


SO EVEN IF QE2 - WOULD NOT HAVE COME - STOCKS WOULD ANYWAYS HAVE GONE UP - IT IS JUST PART OF THE CYCLE AND THE WAVE


I THINK WE ARE VERY CLOSE TO ENTERING THE MOST DANGEROUS PART OF THE DOWN WAVE NOW - AND IF QE3 COMES - IT WILL FAIL AND STOCKS WILL CRASH RIGHT THRU QE3 


LETS WAIT AND WATCH