The FED taper expected in Q1 2014 should have some implication on most blue chip counters.
Fund managers on Wallstreet will no longer have the dollars to fuel the Greed.
The counters to be largely affected in my view include:
M-pesa which accounts for most foreign investor buys
EABL a correction from all year high is still on going
I&M whose price is down on profit taking
CFC Stanbicexcellent fundamentals but still

Still i have no clue how Janet Yellen who is quite "dovish" on the subject of tapering and her yet to be confirmed Vice Chair Stanely fISCHER, a Keynessian and Bernake's teacher will agree on the tapering subject.

http://www.businessdaily.../1/-/i4iqls/-/index.html

Mmm..Interesting: Ex-Barclays boss raises $325 million with new venture, looks to Africa http://www.reuters.com/a...o-idUSBRE9BG0BH20131217

http://blogs.wsj.com/mon...banking-frontier-africa/

The market will just tank! The amount of cash leaving will be substantial and unlikely to offset by the inflows into the NSE.

I don't see the taper happening today. I agree with goldman
GS ON FED TAPERING: ? GS expects that Fed officials will want to offset tapering with a strengthening of the forward guidance, but doubt they are ready to take this step. GS reviews recent discussion of possible changes--including a lower unemployment threshold, an inflation floor, and guidance about the path of the funds rate after the threshold is reached--and find little evidence of a consensus so far. "This suggests that a December taper is less likely, as the lack of an offset heightens the risk of delivering a hawkish surprise." ? If the FOMC does not change the forward guidance, an additional factor in 2014 will be the change in the composition of the Committee, says GS. GS expect that the four regional Fed presidents who will be voters next year, taken as a group, will be somewhat less sympathetic to strengthening the forward guidance than the four current voters.

But irregardless, on forex, am long usdcad, usdchf(this morning) and holding short audusd from 0.9167. Been looking at the Chinese stocks

On NSE I am least worried near-term on the implications of tapering. I dont think tapering will adversely affect our market, hedgefunds will still need some investments in emerging markets,.

My bet, Forward guidance.Bernake has offered all indications

You FX too?? i am currently not holding any position involving the USD. Awaiting the Fomc outcome before looking for entry signals based on what the markets wants.

Finally tapering will affect our market i thst most of the monies used to invest in the African markets was QE money.

For the US economy, Tapering is heaven sent for traders its trouble. EUR/USD i detest that pair with a passion. USD/CHF,gold and FTSE 100 have made me the most money in my trading life. best trade so far 300 pips on Gold in a single trade

Volatility has been sick ever since this taper talk began!

Not bad.unlikely to affect stocks in the medium term

Stocks in Emerging markets alongside the US stocks rallied. Dollar as well rallied ... Never saw that one coming.

So is this rally due to an end of uncertainty as far as when the Fed will taper, or is it due to the Fed keeping interest rates at record lows or is it because this signals Yellen's policies will be a stark contrast to Bernanke's, or are we just staring down a bubble that's due to pop next October?! Dow and S&P at all time highs!