Louis Navellier examines the possibility of further Fed easing after the upcoming September Fed meeting in Jackson Hole, WY. "The market's six-week winning streak came to an end last week with a small (0.5%) drop in the S&P 500. We will likely see one more week of these "dog days" of August, characterized by light trading volume and sideways motion. With the distraction of political conventions over the next two weeks, I suspect that the stock market will continue to meander listlessly until the August payroll report (released September 7), followed by the possibility of QE-3 coming out of the FOMC meeting September 12-13."
