Fed Watcher Beckner Says QEII Not Done Deal

9/23/2010 11:21 AM EDT

Steve Beckner is a well known Fed watcher . Beckner may or may not still have well placed contacts and his insight is what it is.

Today he said that although the market is acting like QEII is inevitable it is not. He claims the statement is much more conditional than most market observers recognize.

It will take some relatively constructive data in the coming couple of weeks to get the market to accept Beckner's views.