Why the Fed Needs to Taper Now and Not Later
Another record for the S&P 500 last Thursday. More money in my trading account. So why, then, am I not that pleased to see record levels and great advances in the stock market?
Here’s the thing: the gains in the stock market are great, but it’s not an easy market to trade in and probably even more difficult for the average investor who is scouring prices each day to find out how much more money they have made. While I’m not saying the stock market is euphoric, I do feel there’s some froth that has developed and made investors less concerned about risk.
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