Obama Should Pick Yellen Sooner Than Later: Epstein

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Sept. 19 (Bloomberg) -- The Linn Group Managing Director Ira Epstein previews today's markets and discusses his investment ideas with Betty Liu on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Yesterday we saw a huge rally because of no action because of no announcement.

The fed is now where the government is.

No one can agree on anything.

You have to think about the politics of the fed.

It is going to pick janet yellen, he should do so sooner rather than later.

If it goes outside of the fed for someone, i will sign -- say it will not happen until 2014. the markets are surprising.

No tapering was in the cards.

65% of people thought there would be tapering of some type.

I was in the camp about no tapering what happened.

I was surprised by the big rally in the market.

Across the board, stocks.

Oil surging, gold surging.

What assets is most at risk for a reversal?

I probably would say gold is one of the assets most at risk for it.

Some of the people surprise get in but then they quickly come out.

Thank you for ginning -- joining us.

From the trades to the call on the market, i want to bring in the chief investment officer at wp stewart.

He was not shocked the fed did not taper.

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


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