As we head into the final stretch for the elections it sure is convenient to have QE 3 on your side if you’re the incumbent. Bernanke is protecting his own employment by dressing the bride for the big day. You can see his handy work by the advance in the Dow Jones Industrial Average. But he’s not able to mask the whole truth. Take a look at the dismal relative performance of the Dow Jones Transports. The goods aren’t moving. That’s a bad sign.
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