pax1, markets, nse, bse, dija, dow, S&P,gold, rupee, pmi, tata, reliance,
Many In India say that the next round of tapering comes as a surprise, well it may be to us.....but for the Americans it is not.The fed to change its course or stop completely, needs very strong reasons and that is missing. Turmoil due to EM's is not actually a problem for them,End of tapering brings money back to the US. As some one mentioned Yellen would have an influence etc. it does not work that way.The main worry was the de linking of the interest rate increase from the labor market.In any case we do not have a cause for worry at the moment, but come March it will be revisited and then we may see forward guidance being changed, provided the US economy continues to do well and grows. The Dow, S&P close at a crucial level, and they are down nearly 4 percent over the month.Is this the correction or a pull back?Tomorrow we will have the answer to that question.