All the right people will be at Jackson Hole late this week conversing about economic stimuli.  Chairman Bernanke will speak Friday, and Mr. Draghi will be on a panel Saturday morning.  But if I were a betting man, and I am, I would bet against any major announcements at the conference.  Most feel that Bernanke will await the various economic releases in September before making a final decision, and Mr.

We’re coming down to the final sleepy weeks of a relatively uneventful summer in the equity markets. Volume is quite low, as is expected this time of year with investment managers in vacation mode. Nevertheless, the S&P 500 has now recovered all of its losses since the “Sell-in-May” crowd hit the market hard, sending the S&P 500 falling 9% from a close of 1406 on May 1 to 1278 on June 1.

Markets attempted to rebound on Wednesday after two days of fear and loathing, but extreme weakness in Apple (AAPL) held back the Nasdaq and S&P 500 while the Dow was able to finish positive. Whether this is just a dead cat bounce remains to be seen. Without a doubt, this week has changed the technical picture from bullish to iffy.

JP Morgan (JPM) managed to not only finesse their loss in Q2 from the London Whale trade to slightly less than $5 billion but also save the S&P 500 from its seventh consecutive day of losses. But the smell from the Barclay-led LIBOR fiasco is spreading across the ocean and renewing concern about regulatory actions against major U.S. banks and hence the growth of the economy as well.