The Fed knows perfectly well that this is not going to be enough. it is just a desperate attempt to convince naive investors to buy in order to keep up the market.
Some journalists are hiding purposely some news with a specific aim : BLIND PEOPLE !!!
let's be honest: would you bet a large stake of your savings in this market(apart from gold or silver) ?
The buying we saw lately has been backed by the hope that the Fed would continue to pump money in the economy but that will plummet the dollar and another question arises: how long can european countries afford an undervalued dollar? Surely it is convenient for the US export but the EU one is going to collapse if the euro keeps appreciating.
I am not expecting a double dip but i think that a severe retracement will occur
if you want to read weekly volatility forecast on major markets visit my website
www.hypervolatility.com