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Question for wallstreetcappers.

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Posts: 5

Fire_Control

Rookie

Joined: Oct, 2009

Posts: 922

Posted: Oct. 4, 2013 - 10:14 PM ET #1

What is your opinion on tapering? Are they going to cut down anytime soon?

It seems dividend paying stocks have taken a beating lately because of the threat of tapering. I feel it's overdone.

Any thoughts on this subject would be helpful.

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Oct. 4, 2013 - 11:11 PM ET #2

With this shutdown and government bickering I think it gives the excuse to keep the spigot flowing for a while.

The FED is looking for reasons to NOT taper, so I expect nothing will happen for the rest of the year now..

Fire_Control

Rookie

Joined: Oct, 2009

Posts: 922

Posted: Oct. 5, 2013 - 10:40 AM ET #3

Would you be a buyer of pipelines, utilities etc at this point?

Thanks for your opinion.

hotdamn85

Veteran

Joined: Mar, 2011

Posts: 1427

Posted: Oct. 5, 2013 - 3:32 PM ET #4

a lot of analysis are saying a crash is coming...

https://www.businessinsider.com/byron-wien-warns-about-q3-profit-margins-2013-10

wallstreetcappers

Covers Linesmen

Joined: Feb, 2003

Posts: 58464

Posted: Oct. 5, 2013 - 3:39 PM ET #5

No I am not buying any stocks in this environment.

I do not like anything long..especially with higher rates and uncertainty staring right at us.

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