BALTIMORE ( Stockpickr) -- What a week. From the Greek vote on Sunday to yesterday's QE3 announcement (or the lack thereof), investors have been on pins and needles waiting for the next round of market-shaking news to come out before they make up their minds on what to do with stocks.Of course, not all of this week's decisions were curve balls. As I expected, QE3 isn't coming after all. Instead, the Fed and Bernanke decided to kick the can a little further down the road by extending Operation Twist. With strategists from Goldman Sachs (GS) to SocGen (SCGLY) -- and their clients -- predicting a $600 billion round of quantitative easing, extending OT was pretty much the only move Bernanke could make in this scenario; not announcing anything at all would have torpedoed stock prices.
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