Great survey by CNBC’s Steve Leisman reported this morning on market expectations for QE2. Here are some of the interesting results:
- 93% (65 of 70) expect additional QE.
- 83% (54 of 65) expect an incremental approach, such as quarterly or monthly targets, as opposed to a “shock and awe” approach (see “QE2: Not What The Market Is Expecting”, Top Gun FP, October 7).
- 86% (56 of 65) expect QE2 to be announced in November.
- The average size of the expected QE2 to be announced in November among 51 respondents is $490 billion.