Speculating on the Fed

While most of us like to think equity prices are a function of logical fundamental valuations, the reality is something else. For now, the markets are moving based upon speculation the Federal Reserve will implement another round of Quantative Easing, QE3 among other things detailed below.

After updating our market indicators, including an updated S&P 500 Index chart in the Strategy section below, we offer some thoughts to consider over the next two weeks along with an updated gold idea.

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— iVolatility

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