Further stimulus from the Fed is highly unlikely in the next few months. So "risk on" markets should be disappointed on August 31 when Ben Bernanke makes his speech in Jackson Hole. The stock market (SPY), (IVV) and gold (GLD) will likely decline. The dollar and bond prices could get a boost. There are three reasons the Fed will not act. First of all, "Operation Twist" is still going on. Furthermore, the monetary and inflation conditions that have prompted quantitative easing in the past do not currently exist. Finally, more easing at this point has a bigger downside risk for the future than the potential near-term ... (full story)