Bernanke chickened out. Bad move, the market expected a token taper. The bond market had already priced it in. Its obvious the Fed is trapped and desperate. If you cant taper 10 billion a month with the 10 year treasury at 3%, there is something the Fed isn't telling us.
I continue to hold my short position on S&P 500 and this should be a turning point for gold. Long gold and silvere. Also long 10 yr treasuries and emerging market stocks (PXH).
I continue to hold my short position on S&P 500 and this should be a turning point for gold. Long gold and silvere. Also long 10 yr treasuries and emerging market stocks (PXH).