Pento - Taper "Meaningless"; Fed Just Got More Dovish

``... this is the dovish part of the statement: ‘Forget about what we told you about 6.5% unemployment that we targeted for the Fed to begin to engage in a policy of getting off of zero bound interest rates,' which they are theoretically getting close to because so many people have permanently left the workforce, ‘because we are now telling you new guidance:  We (the Fed) intend to extend this program, in all probability, well past that point.' Now there is no benchmark.  It's not 6.5%, 6%, 5.5%.  So what they've replaced ‘QE-to-infinity' with is a ‘zero-bound-rate-to-infinity.'  ‘It's zero-bound until we tell you otherwise,' and they are really not giving the market much in the way of criteria to make a judgement on that.''''