LONDON: “We're saved!” cry Vladimir and Estragon in Samuel Beckett's allegorical play Waiting for Godot, whenever they think Godot may be approaching.
Sound familiar? For Godot, just substitute the Fed and QE3 and there you have markets' joyous reaction to the slightest hint the US Federal Reserve may be about to embark on its third money-printing, quantitative easing (QE) round.
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