On Friday’s CNBC segment, I spoke about the range bound market with the potential for a fall swoon before the election. But in any market, there are always opportunities and this time is no different.
So far this week, stocks have not behaved well, but it’s far from a rout and the trading range continues. On Wednesday, we get a peak at the minutes from the Fed meeting and folks will take any scrap of comments that leads to QE3 coming. As I have said since QE1 was launched, we will see QE2, 3, 4, 5 with the Fed’s balance sheet approaching $5 trillion.