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    Philip - I too am anti-QE and suggestions of US tapering did pull back the markets. This is in fact one of the challenges to which I refer. QE is not consequences free, it boosts inflation long term and inflation always boost equities as these are tangible assets that will help protect against inflation. The tapering of QE in the US will affect the markets but this should be seen as a buying opportunity and such tapering is inevitable, we all know that. Timing is what is important here and such tapering gets offset by other issues. I see no need to worry too much about that unless you are a day trader.

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