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. Get the Free Tracker App to find a Nintendo Switch in Stock 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 low, as well as inflation that is too high.”As we enter 2014, I think deflation will continue to be a concern for the advanced countries. The chart last week from the WSJ shows that inflation for all OECD countries is in a well-established downtrend, and in most countries, well below their central bank’s targets.If the S&P 500 were to correct sharply in the last two weeks of the year and drop 5%, the Spyder … [Read more...] about The Week Ahead: Will 2014 Be A Buy-&-Hold Year?
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For 85% of kids with a terrible cancer called acute lymphoblastic leukemia, chemotherapy is a cure–but not for Emily Whitehead. Diagnosed at 5, she suffered an infection from her first round of chemo and nearly lost her legs. Then the cancer came back; she was put into remission once more and scheduled for a bone marrow transplant. As she waited, the cancer returned yet again. There was nothing else to try. Get the Free Tracker App to find a SNES Classic in Stock Nothing except a crazy experimental treatment never before given to a child: Blood was taken out of 6-year-old Emily’s body, passed through a machine to remove her white cells and put back in. Then scientists at the University of Pennsylvania used a modified HIV virus to genetically reprogram those white cells so that they would attack her cancer, and reinjected them.But the cells attacked her body, too. Within days Emily was so feverish she had to be hospitalized. Hallucinating, she asked her father, … [Read more...] about Is This How We Will Cure Cancer?