In Exercise Ball: On QE3, Wall-Mart, Munis and the briar patch for the banks | zero

What’s the proper function of the Muni bond market? All of the Fed talk of late points in one direction. I wish I were at this "friendly" chat. We know how that story ended…. No more QE plus onerous new rules for Hedge Funds in July means at least a 20-30% correction coming; sell in May and go away? Bernanke may well be sufficiently spooked by what QE has done to the commodity markets to let i ...Exercise Ball