VIX Sinks Most in Two Months on Fed tapering, a sign investors are confident more stock-market gains are coming after a 168 percent advance since March 2009

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VIX Sinks Most in Two Months on Fed tapering, a sign investors are confident more stock-market gains are coming after a 168 percent advance since March 2009. The S&P 500 (SPX) erased losses for December as Fed policy makers said they had enough faith in the labor market to reduce monthly bond purchases by $10 billion and Chairman Ben S. Bernanke promised to keep interest rates low. It's confirmation that the Fed thinks the economy is strong enough to justify tapering, David Lafferty, chief investment strategist for Natixis Global Asset Management in Boston, said yesterday in a phone interview from Boston. His firm oversees $783 billion. It's now so expected and well telegraphed by the Fed that ironically it's removing the uncertainty. That's why the VIX is coming down. (VIEW LINK)


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