Adding some color to the announcement of QE2:
"I expect the coming doses of quantitative easing will finally spark adverse reactions, first in the dollar and later in the bond market. When a falling dollar forces consumer prices and long-term interest rates to rise, the Fed’s actions will be rendered impotent. The Open Markets Committee will have to make a horrific choice: fight inflation by tightening policy into a weakening economy, or fight recession by allowing inflation to burn out of control. I think it’s obvious that they will choose inflation, all the while pretending that it doesn’t exist."
My question is when?? TBT is killing me. Everyday, interest rates GO DOWN MORE! I'm bleeding tremendous losses and have exacerbated a chasing strategy that has hurt me in the past... the very point of which tracking decisions through a blog was originally intended to help cure.
This week I expect to make some changes. The key is to stay focused, to not panic, and take control instead of losing it.