Okay, honestly, if you are into stock market investments, if the Federal Reserve suddenly announces the beginning of tapering, surely, there should be a panic and the Dow Jones Industrial Average would crash. Well, exactly the opposite thing happened today. While the Dow dawdled at no movement throughout the day, when Ben Bernanke, on his final official bit of action, indicated that bond purchases would be reduced beginning in January...the stock market surged, up 293 to 16,168, an ALL-TIME HIGH!
Why? I guess everyone was relieved that it wasn't as bad as feared and that the interest rate would be kept low.
Tropical Cyclone Amara, now at 90 MPH, will strengthen into a Category 3 hurricane, and head for Mauritius and Le Reunion Island.