Richard Bernstein, CEO of Richard Bernstein Advisors, noted that while the central bank has clearly indicated that it will eventually reverse their quantiative easing policy, investors should stay calm.

“One should remember that the Fed is generally a lagging indicator, and that a tightening of monetary policy is unlikely so long as the overall economic growth and inflation remain anemi,” he said.

Investors also seem to be missing the basic point that their own high levels of anxiety are one of the reasons the Fed is unlikely to begin reversing policy anytime soon.

“The Fed doesn’t want to prematurely tighten monetary policy which might cause the financial markets to quickly reverse, the cost of capital to simultaneously rise, and investor and business confidence to rapidly decrease,” Bernstein stated.