Taper Fears Hit A Tired Market

The release of the FOMC minutes raised the possibility that the Fed may start reducing its bond buying in the next few months. The yields on the 10-year T-note rose sharply to levels last seen in September. The selling in the stock market was not heavy yet but further "taper tantrums", as I mentioned in August, should create another good buying opportunity in the stock market. The small-cap Russell 2000 Index continues to look the most vulnerable, and despite the S&P 500's longest losing streak ...