Stocks were up in August. And we are not that far from the highs. And volatility is extremely low given that we played in such a narrow range (1354 to 1426….but most of the time in a narrower band from 1400 to 1426).

The bears say that the market is not properly discounting all the negatives like Europe, China and Fiscal Cliff.

The bulls say that all of this stuff will be effectively cleared up making way for stocks to sprint to 1500.

It seems that most people are split on this subject. And that probably increases the likelihood that range bound is what is in store for September.

So what do you think: Up. Down. Or sideways???

Share your vote below along with some explanation as to why you think that will be the case.

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Zacks Investment Research