Skeptical? Then spend some time reading this latest analyst I wrote and was published by Seeking Alpha:
Based on two key factors, not only will the Fed not taper, but it will be ultimately forced to up the ante on QE or risk a serious accident in the banking system and in the economy.Here's the full article: Tapering Risks Triggering A Stock Market Avalanche
Two more pieces of data reported today that further reinforce the argument I laid out in my article. First, per the monthly TIC report, which details foreign cash flows in and out of our system, Treasury bond sales by foreign investors (mainly central banks and hedge funds) hit a record in April: LINK The Fed will actually have to print more money to replace that money or risk significantly higher rates. And second, in another of a long string of disappointing economic reports, May's industrial production report came in flat vs. the expected up .2% and capacity utilization declined. This further confirms that manufacturing and end-user demand is dropping. This will give Bernanke further room to, minimally, keep QE where it is and, ultimately, justify taking it up a notch sometime this fall.