again at their September meeting and buy more time as retail and labor releases have improved over the summer.  While he isn't predicting that GE3 is dead in the water, he merely expects the Fed to take a "wait and see" stand, though adds that the stimulus may ultimately be needed. On the Horizon... While politico junkies hoped the selection of Ryan would shift the debate to more substantive financial issues like expiring tax cuts, budget plans, austerity, and entitlements, most expect the dialogue to remain superficial (at best) and negative (at worst).  Thanks for the latest gaffe, Mr. VP.  A few key techs ( Dell , HP ) and retailers ( Best Buy , Lowe's ) post earnings but many investors are already looking to the future and focusing more on full-year forecasts.  Europe always remains high in the headlines and rumors will persist about the next actions by both the ECB and the Fed.  (Perhaps, those pre-back-to-school vacations can last a bit longer.)