Wednesday will be Fed Chairman Ben Bernanke’s final meeting before ending his stint, where it is widely believed he won’t make any announcement to taper the amount of dollars being pumped into the system.
We won’t be surprised to see a holding pattern until any announcement is made.
Long term Buyer’s Caution view intact. Short-term pullback scenario still a very likely reality.
*My apologies for the site difficulties last week. Everything is nearly straightened out. A few posts were lost, that we’ll have to see about getting back.