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Taper, No Taper… the Bubble Must Go On!

Phoenix Capital Research's picture


Ben Bernanke speaks today, and the markets are aquiver. Will the Fed taper? Will it not taper? If it does taper how much will it taper?


Stocks have entered a blow off top from the wedge triangle we’ve been following for the last few years. If the Fed does not taper today, we’ll likely see a blow off top begin. Traders are hungry for a reason to push the market higher into year-end (thereby ending the year with the highest possible returns).



Alternatively, we could see a small taper today. We now know that Janet Yellen will be the next Fed Chairman. The question remains who will be the Vice Chair. The frontrunner is Stanley Fisher, the former Central Banker for Israel.


Fisher is urging a small taper begin immediately. He then suggests gradually increasing it.


But then again, Janet Yellen, who will be the next Fed President is a raging dove and believes that QE should be done forever. So it’s a toss up.


All I can say with certainty is that stocks are in a dangerous position. They’ve been in one for a while now and the higher they go the more dangerous it becomes.


For a FREE Special Report on how to beat the market both during bull market and bear market runs, visit us at:


Best Regards


Phoenix Capital Research





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Thu, 12/19/2013 - 03:00 | Link to Comment starman
starman's picture

Like the US has no problems? Haha wake up you fools.

Wed, 12/18/2013 - 20:27 | Link to Comment silverserfer
silverserfer's picture

are the youths rioting in the streets in europe again? Angrily bumming cigaretts and violently texting one another?

Wed, 12/18/2013 - 18:11 | Link to Comment max2205
max2205's picture

Where do I send my check?

Wed, 12/18/2013 - 17:35 | Link to Comment useless_fact
Wed, 12/18/2013 - 15:43 | Link to Comment steveo77
steveo77's picture

Apex Predators in Hawaii are OUT OF CONTROL, Shark Attacks up 500% as Fukushima Radiation Rolls In
And I don't mean the lawyers.....

Charts and Descriptions Here!

Wed, 12/18/2013 - 17:57 | Link to Comment Ying-Yang
Ying-Yang's picture

The story you linked to said....

"Also the tour boats that go to Molokini simply dump their human waste into the ocean because for a while they were outside the 3 mile limit. The people of Maui are literally shitting out their ocean."

My question is... are winter vacationers more meaty?

Wed, 12/18/2013 - 20:15 | Link to Comment steveo77
steveo77's picture

The ones from Ohio sure are.....lets hope the sharks also like the ones from DC, know what I mean.

Wed, 12/18/2013 - 13:45 | Link to Comment no more banksters
Wed, 12/18/2013 - 13:33 | Link to Comment GFORCE
GFORCE's picture

Calling the top since 2009... My nephew could write that article...

There are more intricate issues today, being Bernanke's last day. Will he initiate a taper and give Yellen the chance to change it if it goes wrong? Or does he want to get out on a high...

Today will bring us to a high or low in Jan/Feb. The taper decision today will determine which...

Wed, 12/18/2013 - 12:46 | Link to Comment TahoeBilly2012
TahoeBilly2012's picture

Another Central banker from Israel...can you make this shit up? Where's Johnson or Smith?

Wed, 12/18/2013 - 12:35 | Link to Comment sosoome
sosoome's picture

>>All I can say with certainty is...

stocks could go either direction from here.

Wed, 12/18/2013 - 16:02 | Link to Comment Laughing Stock
Laughing Stock's picture

This guy is so worthless I can't even describe it in words

Please stop posting this crap on ZH

There's enough good content ZH...we don't need this moron's views on anything

Wed, 12/18/2013 - 12:24 | Link to Comment Fuh Querada
Fuh Querada's picture

If you want a blow-off from your wedge triangle, Graham's your  man.

Wed, 12/18/2013 - 12:10 | Link to Comment Popo
Popo's picture

Another no-content post from Captain Obvious.   


Wed, 12/18/2013 - 12:23 | Link to Comment Fuh Querada
Fuh Querada's picture

Yeah, the lower line only touches one point on the chart !

Wed, 12/18/2013 - 16:00 | Link to Comment Papasmurf
Papasmurf's picture

Yeah, the lower line only touches one point on the chart !

That's okay becuase technical analysis requires volume on the chart.

Do NOT follow this link or you will be banned from the site!