Bond Market Already in Fed Taper Mode: Horwitz

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Sept. 9 (Bloomberg) -- Todd Horwitz, founder at Averagejoeoptions.com, discusses why he believes the Federal Reserve should go ahead with tapering in spite of how the results of last Friday's jobs report may impact the Fed's decision. He speaks on Bloomberg Television's "In The Loop."

Joining us in chicago at the cme is todd horowitz, the author and founder of averagejoeoption s.com.

What is your feeling about fed tapering after seeing the jobs report on friday?

[bell ringing] the fed tapering issue is a problem.

The bond market is tapering.

The fed wants to taper.

It is -- with a very bad jobs number, inside the numbers, the lowest arches the patient -- the lowest participation in the entire report.

I think the fed should taper.

If they don't, more qe -- the continuation of qe will create more of a panic longer-term.

We are not getting real growth in this economy.

Companies are still not making the top line.

We are seeing a lot of issues that need to be resolved.

The fed needs to start to step away and let the markets trade on its own.

It is a stones throw away from its 50 day moving average.

You are 100% right.

It is up again.

In the last 10 weeks, we have been in about a 5% range.

We are 4% from the all-time high.

I don't think we are going to do anything major until after the 18th, after the fed comes out with their report.

The bottom line is that the separation between wall street and main street continues to widen.

The average joe is not able to participate in what is going on in the overall market.

Thank you so much, todd horowitz -- horwitz.

From the trade to the call on the markets, i want to bring in a portfolio manager.

His call is to keep a good amount of cash right now.

There are a lot of headwinds in the market.

Your fund holds one/five of its money in cash -- holds 1/5 of

This text has been automatically generated. It may not be 100% accurate.

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