“There’s nothing more to worry about. Christine Lagarde, head of the IMF, has reassured us.  Madame Lagarde tells us that further scaling back of QE won’t mean a thing, as long as the Fed goes about its tapering in a gradual, measured way, which of course it will.  ‘We don’t anticipate massive, heavy and serious consequences,’ she said.  But wait.  She must be wrong about that. If the Fed were to continue to cut back its bond-buying, the stock market and the economy would go into withdrawal shock. The economy would wobble. Stocks would fall. And Janet Yellen would promptly go into a huddle with other Fed governors and come out with an announcement: more QE!”

http://www.bonnerandpartners.com/this-credit-event-could-crush-the-stock-market/

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