Ben Bernanke — in a first-ever Fed press conference — says that QE2 will end on schedule in June. I have never been quite so happy to be wrong, as I thought there was a better-than-even chance of the Fed launching QE3 this summer. We might even see some relief from rising prices on oil, gold, and other commodities.
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That’s the good news. The bad news is, what might happen to the Dow now that the days of easy money are half-over.
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