The devastating earthquake and tsunami in Japan is taking its toll on the financial markets. Notwithstanding the horrible personal toll, and our heart goes out to all those affected, it will have no lasting effect on stocks or bonds. The main focus will remain, inflation, the global economic recovery and whether the Fed stops it’s free money ways and quits the QE programs. I would guess that they will let the current programs end, and when (not if) the economy shows it cannot stand on its own, Bernanke will propose another, whether it be QE# or by whatever name they wish.
Regards -Keith Springer