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By Jason Stipp and Jeremy Glaser | 11-01-2013 09:00 AM

The Friday Five

The Fed sits still, Facebook gets ahead of itself, Apple's quarter is good enough, and more.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five--five stats from the market and the stories behind them.

Joining me, as always, with The Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: We're going to look at the number 0, 66%, 33.8 million, 6%, and finally 13%.

Stipp: Zero is the amount of tapering that the Fed said they were going to do in the near term, but were there any clues about their longer-term plans?

Glaser: No, there wasn't much of a sign of when tapering is going to begin. As expected, the Fed didn't make any changes in this statement, because they didn't have any economic data to go off of because of the government shutdown.

The Fed has said time and time again that they're trying to key in to the labor market and other economic indicators to see when it's an appropriate time to really scale down their bond-buying program. But they continued in this statement to say that fiscal policy remains a drag, that the economy remains growing, but probably not at a particularly robust rate, and that they continue to feel like inflation is very much under control.

Given that they're focused on the economic data, there's a chance that if things look pretty good in the next couple of months, December could see a taper. But it seems much more likely that 2014 is the timeframe when these bond purchases will begin to slow down a little bit.

For most investors, it's just important to realize that the exact timing of the taper probably isn't really important when making long-term portfolio decisions, when thinking about what you need to do with your money right now. Keeping in mind that interest rates have a good chance of rising over the long term--over years and decades--that's something you need to think about. But the timing to the taper--a few months here, a few months there--probably isn't crucial in making those portfolio decisions.

Stipp: Facebook reported 66% growth in revenue. This looked like a pretty good number, but enthusiasm was tamped down pretty quickly [after they released their earnings report].

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