|Benny Boy - Hey Presto!|
Looking at data here over the weekend, and I am starting to believe all this talk of tapering is just hyped up gibberish. They are due to give some sort of announcement on the 17th & 18th Of September.
Yes! Ok, I do believe that some day, they are going to have to stop printing money out of thin and throwing that in the market. However all these talks about tapering really is just that....all talk and NO ACTION! fancy that! :P :P
So you can put me in the camp where I believe no tapering is coming in SEPTEMBER and the reason is that there are too many concerns out there at the moment. And I am of the belief it will be a more drawn out event over many months, possibly even longer as there are too many economic concerns out there especially at the moment.
Right now with the market dropping it is self evident to me that the MARKET is PRICING or FACTORING in Tapering or wants to relieve some pressure. This is another reason why tapering will be a very lengthy long drawn out conclusion.
You have to remember we have seen quite a move in bonds lately which are going down, and futures markets are going higher.
A lot of the smart traders out there are thinking about the bigger picture and the about the bigger issues that are about to be tackled. The economy right now is far too volatile for the fed to say its safe to start TAPERING I believe.
Just my 0.02 cents.
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