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Chances of QE3 This Week Are 50-50: Olson


The stock market may have already priced in additional quantitative easing whose chances are mixed, former Federal Reserve Governor Mark Olson told CNBC on Monday.

“I would put it at no better than 50-50 for a couple of reasons,” he said on “Fast Money.”

Olson said those reasons included an estimated half-trillion-dollar investment for QE3, as well as last week’s jobs report, which was in line with what the Fed expected.

Chances of QE3 This Week Are 50-50: Olson

“What the Fed doesn’t want to get into position of, is having to react because of market anticipation,” he said.

What that could mean for stocks is uncertain, Olson added.

“The problem is that the market may have already priced in what the Fed might do, and that’s someplace that the Fed does not like to be,” he said. “They do not like to have to respond because the market moved. The Fed doesn’t look at the market move, they look at the underlying economy — a very fundamental difference.”

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Trader disclosure: On Sept. 10, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Stephanie Link is long AAPL; Stephanie Link is long JPM; Stephanie Link is long CVX; Stephanie Link is long AIG; Josh Brown is long AAPL; Josh Brown is long WFC; Josh Brown is long GDX; Josh Brown is long GLD; Josh Brown is long XLU; Josh Brown is long TLT; Josh Brown is long XLF; Josh Brown is long WMT; Josh Brown is long TGT; Josh Brown is long CVX; Josh Brown is long P; Steve Weiss is long AAPL CALLS; Steve Weiss is long AIG; Steve Weiss is long WLP; Steve Weiss is long QCOM; Steve Weiss is long AMTG; Steve Weiss is long CLNY; Steve Weiss is long M; Steve Weiss is long UGL; Steve Weiss is long MSFT; Steve Weiss is long HK; Steve Weiss is long LCC; Steve Weiss is long VZ; Steve Weiss is long T; Steve Weiss is long VOD; Steve Weiss is long TOT; Steve Weiss is short VALE; Steve Weiss is short AAPL Puts; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S;

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