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in capital gains at today's lower rates.

Lastly, we are currently in the midst of the Moncler Clearance final stretch before the end of the mutual fund fiscal year on October 31. During this time period, it is not unusual for markets to trade lower as portfolio moncler coats grey on sale for women managers realize gains and harvest losses both for portfolio window dressing and also in preparation for distributions that occur for many funds in December. For example, the stock market has been known to drop by nearly 3% on average over the last two decades in the weeks leading up to the end of the mutual fund fiscal year according to Xatta Trading. And many portfolio managers may be in less of a rush to fully reinvest the proceeds from these sales this year in particular given some of the added uncertainties facing the market.

Many of Cheap Moncler Jackets the above uncertainties will begin to be resolved in the coming days. The mutual fund fiscal year will end on Wednesday, and the Presidential election will be over the moncler jackets red on sale for women following Tuesday. Not long after the election, policy makers will be forced to move swiftly to resolve the fiscal cliff before the end of the year, for if they men moncler jackets bright green do not the markets have the potential to riot. Federal Reserve, as rumblings emerged in recent days that the current $40 billion a month QE program may soon be more than doubled provide yet another goose to the economy and markets.

The resolution of these uncertainties in an environment of a fresh round of money printing from the Fed and potentially other global central banks has supportive of a rally across numerous asset classes at least in the near term. Of course, none of this begins to consider the ongoing threat of financial crisis in Europe, the fact that global economic growth is decelerating with many parts of the world already in recession and lackluster corporate earnings. More on this and its longer term implications on markets in a moment.

For stocks in the near term, the timing is particularly favorable given the fact that the November and December period is historically a very seasonably s