RE:Your prediction for Fed Wednesdaymy prediction is tommorow we will see the stock market sell off,
bond yields go up around 2.9 - 3%. this is pre taper.
and for wednesday I think they announce a no taper or even an increase.
Summers pulled out for a reason shocking everyone. kohn sabatoged himself on twitter,
I suspect another shocker.
then we will see bonds rally 2% yield and stocks rally, USD weaken. good for the economy.
If for some reason they taper 10B then the US is doomed. bond yields will hit 3% for good, stocks sell off, gold will sell off short term until the physical rally from china india defaults the comex. or until a QE4 inflation program is announced good for gold but too late for the US.
a taper will be a complete disaster and I think bernake, summers, yellen, kohn know it.
no one wants to tie their name to the taper decision. Yellen might even drop out if bonds spike.