Not much has changed in the past three years with the Fed and monetary policy. QE is still ongoing. Inflation is low. Unemployment is slowly falling. The Street is still trying to predict the end of QE. So nothing has changed except for one word.
Taper ta·per (tāpər): To become gradually smaller or less; slacken and finally stop. Bernanke’s beard tapered off.
Who knew one word had so much power. Since its introduction, dividend stocks have sold off and bonds have sold off. Asset bubbles aren’t talked about as much (those were the days). One word seemingly ended worries of three asset class bubbles while creating new risks for each at the same time. Continue Reading…
If you read any 
There are many investing debates where serious investors latch onto their choice and once locked in rarely waiver. There is growth versus value. You have index versus mutual funds. Active versus passive is probably the biggest. Yet, every investor has an opinion about stock buybacks versus dividends.