The New CS Board

[jumanji0881]

This is an election year and the Fed is determine to prop up the economy/markets even if it were not an election year. So, barring a major breakdown in Europe (which becomes more probable by the day) or some unforeseen catastrophe, I don't expect much of a pullback in stocks. In fact a catastrophe would be welcomed by the markets as the Fed would be compelled to implement more QE. The cliff is still in front of us. We're just approaching it more slowly due to all of the liquidity.