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Santelli Exchange: The road towards taper

Thursday, 2 Jan 2014 | 11:37 AM ET

The fact of the matter is the Fed has not begun to taper yet, the liquidity spigots are still wide open, says Matt Maley, Miller Tabak managing director, discussing why investors will have to wait and see how the Fed's taper decision will impact the markets in 2014. CNBC's Rick Santelli, weighs in.