The Street.com was out early today stating. " how can Fed not taper".
Well besides from data that indicates that economic growth remains weak (as money growth, employment, business investment, and lending show slowing growth, albeit as the recent manufacturing ISM and today's revised GDP suggest reduced recession risks), any slowdown in money printing will negatively effect the markets. If you do not believe me, let history be your guide via the NASDAQ crash of 2000.
Well besides from data that indicates that economic growth remains weak (as money growth, employment, business investment, and lending show slowing growth, albeit as the recent manufacturing ISM and today's revised GDP suggest reduced recession risks), any slowdown in money printing will negatively effect the markets. If you do not believe me, let history be your guide via the NASDAQ crash of 2000.
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