The Fed Tapered but it tempered the taper by restating its commitment to low rates for a very long time which has given stock markets a massive and aggressive lift and confused the heck out of currency traders who will be getting carted out both sides of the trade over the past couple of hours. So the strong message given that rates will hover near zero for an extended period has buoyed stocks with the Dow up more than 350 points from the low just after the announcement and 279 points on the day for a gain of 1.75% to 16,152 at 7.45 am AEDT with 15 minutes before the close. The Nasdaq is up 1.13%% and the S&P 500 has ... (full story)