Tapering - the event as it occurred.

I was always of the view that Bernanke would wait a wee bit longer to begin the so-called "tapering" exercise. So the postponement of the aforementioned event didn't come as a surprise to me, but infact my forecast/prediction worked well this time around.

Its the fragility of the US economy, which is indeed on steadier ground today, than earlier, but we all are aware that the sentimental swings these times are large and whimsical. Hence Bernanke wants to wait it out, watch some more stable economic information, before beginning to taper.