It is a Fiscal Problem
The Fed meeting coming up this week is one of two important issues for the week the other is the German legal issue. One good thing about the election is that there seems to be a growing realization that Fed monetary easing is not helping at this point, zer0 is zero. So I am still in a sense fighting the Fed and saying that QE3 would be worthless, and actually will create a big long-term problem.
At the moment the S&P stock index market has penetrated about 25 percent into the trap that is set. This will get interesting over the coming weeks.