Expect Some Fireworks

You know that panic we had when Ben Bernanke mentioned that the Fed may taper off its bond buying in the next year. Well, never mind – apparently, it isn't an issue after all. A number of Fed members came out and told us not to worry about it, bonds settled down a bit and stocks managed a big rally. So why should worry about it? The Fed is still our friend and it will make sure the market doesn't forget it.

Maybe I'm being a little sarcastic but the bulls have done a nice job of shrugging off those interest worries over the last few days. They had some help from end-of-the-quarter window dressing and index rebalancing but the attitude was that the market overacted to the Fed, which will continue to be very supportive....1128 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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