On to a bears:
Doug Kass of Seabreeze Partners told CNBC that QE has done a markets “a heroin addict.” “Now,” he added, “with this tapering forward of a market, it’s shortly to turn a methadone addict. The problem is, too frequently, methadone addicts tumble behind into addiction.”
Kass pronounced that QE was a “wrong antidote” to what ails a economy.
“I don’t trust that a economy is clever adequate to means itself unless we have this heroin, or easy money, for some time to come,” he said. “And what concerns me about a marketplace essentially is that if a batch marketplace continues to drop, it’s roughly self-fulfilling, trickle-down, no longer works.”
And from a technical standpoint, there’s a box for bonds to conduct 3 percent to 5 percent lower, Oppenheimer’s Carter Worth pronounced Thursday.
“Once you’re down some-more than 5 percent, story shows we don’t stop there,” he said. “You typically go down utterly a bit more.”
Article source: http://www.cnbc.com/id/100834528