The New CS Board

[YellowBull]

It's no coincidence that the current round of QE is ending this month as the market has been tanking. We've seen this movie before and it always ends the same. QE runs out and the market voices its displeasure...fed announces new round of QE and market goes on to new highs. The fed has no choice but to extend QE which I fully expect them to at least telegraph at the June meeting. We may get some more downside here but I think the prospect of upcoming QE will put a floor to it. Once it becomes more certain the market will move up into the elections.