The Week Ahead: Will 2014 Be a Buy-&-Hold Year?

The FOMC caught many by surprise last Wednesday, myself included, as stock prices exploded to the upside and closed with impressive gains. It appears that the FOMC struck a good medium between slightly reducing their bond buying and declaring their plan to keep rates low for quite some time. My argument last week was that the threat of deflation would keep the Fed from acting. Obviously, it did not, though Mr. Bernanke did comment that ?The committee is determined to avoid inflation that is too ...