The Day Today (Friday edition)

And so, it feels like we're back to where we started. $/ZAR touched 9.55 yesterday, back to May 22nd levels before tapering chat began. While currencies are confused, stock mkts are still performing relatively well, though pausing while we digest whether no taper now means more taper later. Commentary all fairly negative on Bernanke (see below), with only armageddon-loving Ambrose Evans-Pritchard in support... Happy Friday!!

* Even WSJ Hilsenrath sounds perturbed: Fed's Guidance Questioned As Market Misreads Signals  http://on.wsj.com/1eumAJR * RTRS: The Fed's messaging . . .

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