Joined Nov 11, 2007
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Goldman’s Kaiser: Stock Selloff Coming in 9 Days

“Investors need to brace themselves for a massive stock selloff coming in nine days, says Stuart Kaiser, an equities strategist at Goldman Sachs.

Stock indices have risen on hopes the European Central Bank (ECB) will announce plans to buy sovereign bonds to lower borrowing costs in countries such as Italy and Spain, while the Federal Reserve has said it cannot rule out stimulating the economy, likely through a third round of quantitative easing (QE).

QE sees the Fed buy bonds such as Treasury holdings or mortgage-backed securities from banks, pumping the economy full of liquidity in a way that drives down interest rates across the economy and sending stocks rising as a side effect.”

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One comment

  1. drummerboy

    oh,so were gonna bailout these mofo’s too.

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