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and there is this from Goldman:

I don't think Fed is leaving the market, at least no yet. My expectation is Fed will not leave until the inflation is on your face or their stated goal of 6.5% unemployment rate is met.

Ben B's second term runs upto 2014, so we are looking at, at least one more year of ZIRP and then also the interest rates will claimb gradually.

While Goldman may be correct, but I would not rush into equities or sell any fixed income based on this.
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