Some movie sequels are great, like Godfather II, Empire Strikes Back, Return of the Jedi, Toy Story 2 & 3, and Terminator II but most are not, like Godfather III, Revenge of the Nerds II, Dumb and Dumberer, and CaddyShack II.
Many sequels of course overstay their welcomes. As we await Bernanke's speech on Friday, many are calling for another QE sequel titled Printing, the Path to Prosperity.
QEII as it's otherwise known was well received by markets because it helped to lift asset prices, temporarily as we've seen, but critics knew there was no real economic impact as evidenced by the almost zero growth seen in the first half of 2011.
If QE3 gets the greenlight, expect a cheer from the stock market , but don't expect that to last long as it will give no help to economic growth.
I'm of the opinion that we got pseudo QE3 on Aug 9th and the only thing Bernanke will do on Friday is explain the bullets he has left but won't be pulling any of those triggers now, likely disappointing asset markets.
For the best market insight, catch 'Fast Money' each night at 5pm ET, and the ‘Halftime Report’ each afternoon at 12:30 ET on CNBC.
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Trader disclosure: On Aug 22, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Seymour owns (AAPL); Seymours own (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Finerman and Finerman’s firm own (AAPL); Finerman owns (BAC) and Finerman’s firm own (BAC) leaps; Finerman’s firm owns (HPQ) puts and Finerman owns (HPQ); Finerman owns (JPM) and Finerman’s firm owns (JPM) stock and (JPM) leaps; Finerman's Firm Is Short (IWR); Finerman's Firm Is Short (MDY); Finerman's Firm Is Short (XRT); Finerman's Firm Is Short (SPY); Finerman's Firm Is Long S&P 500 Puts; Finerman's Firm Is Long Russell 2000 Puts; Terranova owns (XOM); Terranova owns (IBM); Terranova owns (VRTS); Terranova owns (AAPL); Nations is long (SPY); Nations is long (TLT)
For Brian Kelly
Accounts managed by Brian Kelly Capital own the Euro
Accounts managed by Brian Kelly Capital own (MON) calls spreads
Accounts managed by Brian Kelly Capital own (JJG)
Accounts managed by Brian Kelly Capital are short (SPY) options
Accounts managed by Brian Kelly Capital are short (JJC) options
Accounts managed by Brian Kelly Capital are short the Aussie Dollar
Accounts managed by Brian Kelly Capital are short the Canadian Dollar
For Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of (AMKR)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (FCFS)
Virtus Investment Partners Owns More Than 1% Of (KRC)
Virtus Investment Partners Owns More Than 1% Of (LDR)
Virtus Investment Partners Owns More Than 1% Of (LHO)
Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (RLI)
Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)Virtus Investment Partners Owns More Than 1% Of (YDNT)
Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC
For Dennis Gartman
Funds Managed By Dennis Gartman Own the British Pound, Euro, Yen, & Swiss Franc
Funds Managed By Dennis Gartman Own Gold
For Anthony Scaramucci
SkyBridge Capital Is A Fund Of Funds Manager
Funds Held May Or May Not Own The Recommended Securities
Scaramucci Is One Of 8 National Finance Chairs For Mitt Romney Campaign
Scaramucci held a fundraiser for Mitt Romney
For Anton Schutz
Mendon Capital Advisors owns (BAC)
Mendon Capital Advisors owns (C)
Mendon Capital Advisors owns (JPM)
Mendon Capital Advisors owns (MS)
For Amelia Bourdeau
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For Dan Greenhaus
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