Right now everyone is talking about taper this, and taper that, and its quite funny that nothing has been done about it at all. It is just all 'scally wag UP-IN-THE-AIR' talk pretty much.
but.....Here's what Fed officials are saying about QE taper
1) The fed does expect the ECONOMY to get better, and if this continues, they will taper
2) Their view on the market and economy is mixed right now, and they are looking at more data.
3) Some sort of action could likely happen in SEPT, action taken, not just rumors. But we shall see.
4) Tapering down does not mean taking entire stimulus out of the markets. Its a start.
5) If the labour market remains strong there there is a strong chance TAPERING will happen sooner than later.
Yet again, this is just all hear say. The market has felt a little pressure over the last few days but we seem to be in a range for now.
S&P CHART BELOW.
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