Tapering is a media fabrication, the Fed has been clear about their goals. Stop listening to the BS on CNBC, they don't report anything, they try to create news.
There is no inflation excluding housing which gained 12% year over year, insurances are soaring, rents, food, income taxes, property taxes, tolls, airline tickets, UPS and Fedex raising shipping costs 4.5% and medical care costs are soaring. So yes, if you exclude anything you might be consuming there is no inflation.
One big, happy market. Both under the watchful eye of the Fed and the ECB is nothing but an arm of the Fed.
I sold 38 $19.50 contracts in TZA last week for $.90 in the money after the run up and they called all my shares Saturday. Not bad considering I bought them at $18.35. It was obvious the markets would be way up this week, never are markets down before a holiday and of course it's another FED week!
All planned in advance, the markets have to be at highs before a holiday, it's the law now!
You nailed it but that wasn't hard because the Santa rally was already planned. We should be up every day this week.
Is it retail or sideline money? It couldn't be the Fed executing the planned rally ahead of the Xmas holiday, could it? Remember, markets are NEVER down before a holiday. I'm sure we see new all time highs by Xmas.
Right, this market isn't running on QE anyway:-). No, the trillions the Fed pumped in and all the efforts by Treasury to lift trillions in bad loans from the banks have NOTHING to do with the stock market.
You just watch these greedy pigs head for the hills long before tapering is even announced. Remember, the markets are forward looking:-). Buy low, sell high, well, they are cashing out. Tomorrow you wake up to more losses. So much for that assured "seasonal" Santa rally.