“The bond market sell-off is leaving fixed-income investors (at least, those who didn’t heed my advice to get out of the way) with the worst annual losses on bonds since 1999.  It also proves beyond the shadow of a doubt that the bond market is more powerful than the Fed.  Now, against that backdrop, the Fed is about to hold its last policy meeting of 2013. On Dec. 17 and 18, policymakers will gather around a conference table in Washington and decide whether to continue their $85 billion-per-month QE program.  My prediction? They drop a taper bomb and start dialing down those purchases, probably by at least $10 billion.”

http://www.moneyandmarkets.com/investors-run-for-cover-from-the-incoming-taper-bomb-56931

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