From Coppo on markets reaction to deferral of tapering, Given that the US has pushed their debt limit out to February then it means the chances of tapering before then are pretty much zero. The fed will wait (especially with Yellen as well) until after their Debt issue is properly resolved & thus March becomes the likely time for the 1st taper. That means the QE trade is pretty much back on for many - thus there is nothing in the way to stop the markets from gapping higher - a lot higher.
I have 13 years experience in equity markets and financial media. In 2013 I Co Founded, Livewire Markets with Tom McKay. Our vision is to be the #1 source of investment ideas in Australia. Opinions expressed are my own.