The New CS Board

[YellowBull]

I wouldn't be so sure. Even if the fed continues to taper by the meager $10bil a month each and every month, the fed will have injected an additional $320Bil by September. And it is not a given that they will continue to taper at this rate if at all. Once Yellen is at the helm, I would not be surprised if there there are periods of hold on the taper. You seemed to be surprised by yesterday's rally, but by making the announcement, the fed just confirmed that it's a long, long ways off from closing the spigot entirely.