Bond will rally
No taper needed, Feds just need to sit and watch
Gold, bond, HP will rise
"I don't think they are even going to taper at all until (Bernanke) is done," he says. "I don't even think you'll see anything in November or December either," he predicts, stressing again that Bernanke is too smart, and too invested to blow it on his final at-bat so to speak.
If he's right, Fahmy is predicting a positive reaction from stock investors who will continue to benefit from the Fed's policy of artificially lowering interest rates.
"So I say no taper, and I think the market goes to new highs by the end of the year," he says, stressing that his call is a also based on "the price action" of leading stocks, which he says are performing well.
down Aug-15-2013 26.95 to 26.84 to be filled if results beat in next a few days
up May-23-2013 21.55 to 22.90 to be filled if results disappoint in next a few days
Rally is on Thursday after jobless number
Market takes a pause
I am bullish for short term before Oct. Next week Feds meeting, stock market continues to be extended, bond market short term over sold, previous trading pattern (Sept-Nov 12, Feb-May 13).
Oct and on TLT may come down after 112-115 toward 100 level
Volumes kept dropping
Substantial rally is in making, just like last two time in Sept-Nov 12 and Feb to May 13, this one will take TLT back to112-115 range within a month.