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Yes or No?

This afternoon offers up the Fed's December meeting announcement and whether they are ready to start the taper. I would say the odds are close to 50/50.

My preference is for it to start now (actually my preference would have been in September when most signs pointed to this conclusion). I believe that it would send a strong signal to investors that even the cautious Fed is feeling confident in the US economy.

Sure there could be a short term dip from hyperactive traders throwing their typical hissy fits. But as the smoke clears more level headed investors will see that the pros outweigh the cons and will be glad to bid up stocks to new highs.

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Steve Reitmeister (aka Reity...pronounced "Righty")

Executive Vice President

Zacks Investment Research

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Today's Noteworthy Earnings Before the Bell:   ››  FDXGISLENVCINX

Today's Noteworthy Earnings After the Bell:   ››  ORCLPAYXSCSMLHRAPOG

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Recent Earnings Winners

Company Symbol Reported Surprise %Price Chg
HICKOK INC CL A HICKA Dec 16 +0.01% +7.55%
JABIL CIRCUIT INC JBL Dec 17 +0.63% +0.20%
VERIFONE SYSTEMS INC PAY Dec 17 +0.13% +0.08%
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Accurate Est.
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WINNEBAGO WGO 0.39 0.43 Dec 19 1 +10.26
APOGEE ENTRPRS APOG 0.33 0.34 Dec 18 2 +3.03
WORTHINGTON IND WOR 0.56 0.58 Dec 19 2 +3.57
FEDEX CORP FDX 1.65 1.70 Dec 18 2 +3.03
WESTON GEORG-TS T.WN 1.43 1.45 Dec 17 2 +1.40
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