…“One of the implications of the fact that Ben is now very, very likely to be leaving at the beginning of the year is that he’s going to want to get the so-called exit strategy under way,” Feldstein said on CNBC television today. “He’s going to want to start the tapering before he leaves so that he can say,‘I did all these good things, and I put us on an exit path.’” - Martin Feldstein, Harvard University Economics Professor. Full story at…
Wednesday, the S&P 500 was down about 1.4% to 1629 (rounded).
The NTSM system sold at 1575 on 16 April. (This is just another reminder that I should follow the NTSM analysis and not act emotionally – I am under-performing my own system by about 2%!)