(Disclosure: At the time this post was written, Bellaire Capital Management was long SPY on behalf of its clients)
I would not expect the current sideways market to be resolved, up or down, until the 2012 elections are over in November. Given the sharp divide between the two parties on how to resolve the budget deficit, I would be surprised if anything short of massive Quantitative Easing leads to a sustained market uptrend before November.
This information is neither an offer to sell nor a solicitation to buy securities. Forecasts, estimates and opinions stated are my own and the data presented is for educational purposes
only. Investments involve risk unless otherwise stated. Past performance is not a guarantee of future results. Be sure to first consult with a qualified tax and/or financial adviser before implementing any strategy discussed.