Looking at the below graph, it looks like no QE 3 so far, which is bearish for equity market. But of course it can change any minute (the graph is updated every two weeks. Choose 1 yr and redraw graph to see the details).
[url]http://research.stlouisfed.org/fred2/graph/?id=BASE[/url]
[QUOTE=Pascal;22176]As far as I can tell, this is an oversold bounce. Nothing says that it is sustainable. So yes, maybe ghosts!
Pascal[/QUOTE]