---
title: "Macro Strategists"
url: https://independentstockanalysis.com/macro-strategists/
description: "What the Fed’s Historic Bet Means for You by Mohamed A. El-Erian . Kass: Still Short Bonds at The Street . Bill Gross monthly Investment Outlook. No…"
published: 2012-10-02
updated: 2012-10-02
---

# Macro Strategists

Published 2012-10-02

Posted on

by

J.J. Butler

What the Fed’s Historic Bet Means for You by [Mohamed A. El-Erian](http://www.theatlantic.com/business/archive/2012/10/what-the-feds-historic-bet-means-for-you/263094/).

Kass: Still Short Bonds at [The Street](http://www.thestreet.com/story/11723376/1/kass-still-short-bonds.html).

Bill Gross monthly [*Investment Outlook.*](http://media.pimco.com/Documents/IO_Oct%202012_GBL.pdf)

No wonder “…strategists have never been that bearish according to Bank of America Merrill Lynch’s sell-side indicator.” [Spach Analyst](http://www.alsosprachanalyst.com/markets/wall-street-strategists-remain-bearish-says-bofaml.html) (PS, this is bullish.)

*Source: Bank of America Merrill Lynch*

“We think the trend in non-precious metals commodities is down for the next twelve months, as a consequence of very weak demand from all major economic regions.” [Rick Rule](http://www.miningfeeds.com/2012/09/30/rick-rule-sprott-us-holdings/)

France facing double-dip recession at [Sober Look](http://soberlook.com/2012/10/france-facing-double-dip-recession.html).

Bernanke’s speech yesterday was roundly approved by the mainstream and blogosphere as forthright and dazzling ([Reformed Broker](http://www.thereformedbroker.com/2012/10/02/bernanke-impresses-the-blognoscenti-twitterati/)).

However, one goldbug referenced the same speech as “audacious, so utterly disingenuous” ([TF Metals](http://www.tfmetalsreport.com/blog/4233/breathtaking-audacity)) and takes it apart.

Another goldbug claims QE4 has been announced: “He (Charles Evans) said that the Fed should continue buying at least $45 billion more of long-term Treasuries, even after Operation Twist ends in January.” [King World News](http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/10/2_KWN_Exclusive_-_Today_The_Fed_Unofficially_Announced_QE4.html). I disagree. This would really just be a continuation of QE3 and Twist. My off the radar call is for QE4 to be NGDP and to be a couple of years away.