Investment Outlook: Two Bits, Four Bits, Six Bits, A Dollar

If the private sector cannot stand on its own legs on June 30, when the second round of quantitative easing is expected to end, the QE policies will have been a colossal flop. Bond yields and stock prices are resting on an artificial foundation of QE II credit that may or may not lead to a successful private market hand-off and stability in the currency and financial markets.