The moment of truth for the stock market is close is hand. That's because the Fed's tapering off of bond and mortgage purposes is winding down. In three months I believe the Fed will no longer be practicing its vaunted Quantitative Easing program to keep interest rates low and push the value of common shares higher. As I wrote in October, it was only in the weeks that QE was active from 2009 on and the Fed was buying that stocks roared ahead. When the Fed was out of the bond market, the stock market softened.
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