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Market sending message to Fed about the future

November's nonfarm payrolls report offered a little bit for everyone.

There is proof that the economy recovered in terms of the 203,000 jobs added.

There was the substantial drop in the unemployment rate that for once could not be attributed to a shrinking labor force.

And there was even more impetus for the Federal Reserve to begin easing back on its monthly stimulus program, but not by so much that it would come as a shock.

Ultimately, though, it is investors who will decide whether Wall Street is ready for the Fed to "taper," or reduce the $85 billion money-printing operation.

CNBC.com's Jeff Cox and Patti Domm hash out when the tapering comes, how much it will amount to and how the market might react.

Wall Street