Half think Taper…Half-No Taper

Markets are confused as the Fed talks of taper but the economy and inflation argue for more QE.  There is no clear trend.  When there is no clear trend, wait in cash.

Some economists talk about September to December time frame for the economy to stabilize after the sequester/fiscal cliff.  If inflation keeps falling, more QE will be called for.  The VIX may rise until the market crashes and a clear trend is established.

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