OEX still below 40wkma showing bear market..

Taper is still on track.  It’s quite simple.  Growth and jobs have slowed despite QE so it’s time to ‘reload the gun’. Taper QE and allow bonds to bounce back as stocks have diminishing returns at the moment and high interest rates have slowed things.

http://www.bloomberg.com/news/2013-07-22/fed-seen-tapering-qe-in-september-by-half-of-economists-surveyed.html

Gas buddy shows liquidity being removed as well….

http://gasbuddy.com/gb_retail_price_chart.aspx?time=3

Stocks have had their turn now bonds have to be given a try…