I am asked many times by the media and investors about this question. My view is nope.
Not so soon, not in december.
Article on QE tapering:
Knowing the character of Big Ben, still the FED chief, he is the KING of understanding market psychology.
If there is a tapering, he would give a warning first, one or a few months before the tapering actually might occur because he wants to lessen the impact of the taper. That is what happens in May this year, remember?
At that time, I seriously think that he has considered tapering in October. But because of the government shutdown and the bad employment reports and the debt ceiling uncertainty, he abandoned the idea.
This caused the market to reach all time high again!
So I feel that being the DADDY of WALLSTREET
, he won't let us down by declaring a Sudden QE tapering. He knows this sudden decision will crash the market.
I am sure he wants to walk off as the man who brings the market to all time high instead of leaving on a poor note.
But with that note, I feel that there is a chance he might want to announce the possibility of a tapering on the 17th December in the FOMC meeting.
If it is so, the market might still fall on any words of a possibility!
Just watch out on his speech on this date!