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Need to Know: Here's the ideal portfolio based on the Fed wanting us to borrow, says a Merrill Lynch veteran


By Barbara Kollmeyer
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Stocks are poised for a small bounce after Tuesday’s mostly dismal session, apart from surging technology stocks. It’s all about the outcome of the Federal Reserve’s last policy meeting of the year, retail sales and an ever-elusive stimulus deal.
A model portfolio for the next two to five years is what’s on offer from our call of the day from former Merrill Lynch executive Harley Bassman. He created and traded a variety of derivative and structured products during 26 years at Merrill Lynch, and is best known for inventing the MOVE index, which measures treasury volatility. He now writes the Convexity Maven newsletter. ....

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