The market has been mostly red this morning but has shown no real conviction in any direction as traders are waiting to hear what Ben will say today. After the verbal slap President Obama delivered in his Charlie Rose interview I have heard speculation that Bernanke must start that taper thing before the end of this calendar year. Else his legacy will be limited to being the guy who just threw money uncontrollably and had no plan to do anything else. (That may turn out to be true anyway.) I think he may begin tapering even before he wants to since I don't think he wants to leave with the spigot running full blast.