By: Scott Redler

Today I was quoted in the International Business Times and offered my opinion on the expected path of monetary policy as well as my market outlook over the coming year:

Futures contracts indicate that fed tightening will begin the third quarter of 2010, which is at a slower pace than what market participants had expected last summer, said Scott Redler, Chief Strategic Officer of T3Live.

Redler partially attributes the downward revision to Bernanke’s repeated statements that economic conditions “are likely to warrant exceptionally low levels of the federal funds rate for an extended period”.

“This is good for stocks and bank shares are rallying,” said Redler, who recommend traders last Friday to “buy the dip.”

“Yesterday’s [drop] was buyable,” said Redler, “and the market should make new highs this year.”

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