I have to admit that I, among many others, gave in to “herd mentality”.
Originally I had set my mind that the Fed will taper in December, but a few days ago I changed my mind to a September taper instead.
I got it wrong. No taper.
So what happens now?
Steen Jakobsen of Saxo Bank said to Market Watch:
“The most undervalued asset right now is fixed income [Bonds].”
Here is how Jakobsen is seeing how things will turn out in the months to come:
Read the rest in full here: Post Fed: Told-you-so strategists tell investors where to go now
What is your opinion on the Fed Decision? Do you think they will taper ever, or will it be QE for long run? Leave your comments below.