Last night (19th June 2013) Ben Bernanke, Chairman of the US Federal Reserve announced that though QE3 tapering will not start immediately but the Fed will steadily decrease its Treasury and Mortgage based Security buying from the current $ 85 Billion per month to zero by Mid 2014. This tapering of Asset buying will start from the end of 2013. Also the situation of the Fed actually increasing interest rates from zero is still a long long period away.
www.millionandabove.com forecast for the Indian Markets on the heels of this Fed announcement is that we should be in for a major sell off in the broader markets.
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