Taper. A term closely associated with types of haircuts, candles, and earrings is now being used to describe the Federal Reserves Monetary policy.
A Google news search provides no fewer than 1,000 recent articles concerning the term "taper".
Just like the 'fiscal cliff', the 'sequester' earlier this year, and Cyprus, the Great Taper offered investors a chance to unload stocks yesterday. How has selling the fear mongering worked out recently?
Taper. Isn't that a term that refers to something gradual? Why did stocks sell off like they did yesterday after hitting new all time highs? Taper:
- To become smaller or thinner toward one end.
- To grow gradually lean.
- To make gradually smaller toward one end.
- To reduce gradually.