This morning, the S&P 500 Index e-mini futures (ES-U3) are
trading higher by just 4.50 points to 1729.00 per contract. Yesterday,
the Federal Reserve bank decided not to taper its $85 billion a month
QE-3 program. Stocks, and commodities both soared higher after the
announcement by the central bank. Traders and investors have to now
wonder why the Federal Reserve did not begin to taper since they brought
up the idea of a taper in May 2013. Can the Federal Reserve just
continue to print money forever? What is Ben Bernanke afraid of?
Eventually we will find out the answers to these questions.
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