The US equity market is waiting for either Bernanke or Draghi to sound the release of hot money.
Bernanke will be at Jackson Hole, and Draghi is skipping that soiree to continue his plans for bond purchases in Europe.
If Ben is going to do something, Jackson Hole is the place to say something to pave the way in the markets for it.
I will be surprised if he does anything, but it is certainly not impossible.
Without significant reform there will be no sustained recovery.
