Get Ready For Some Volatility When The News Hits at 1:00pm CST Today

What is going to happen when the news hits?  This is when Ben Bernanke's final Fed Meeting and the last of 2013 ends this afternoon with the monetary policy statement being released at 1:00pm CST.   We still feel that tapering will begin sometime in the first quarter of 2014, but there is always a possibility that it could take place sooner rather than later.  One wild card – there is now chatter that rather than taper, the Fed may impose a limit to the overall purchase program of QE3 going forward – this means that QE3Unlimited would no longer be unlimited.

The Bond Market is a bit skittish and the news will have a big effect when it comes out.  Stay tune for further updates by following us at www.CallTheMoneyMan.com.