http://www.marketwatch.com/news/sto...x?guid={2919D6A5-D7ED-422A-BAE8-A94307BA01F9}....
Despite the talk, Ratajczak said he thinks the Fed is content to let inflation gradually decline.
"In the old days, people thought you just quash inflation and that takes it out of the picture. That's not true anymore," he said.
Bernanke is aware that the proper monetary policy looks to achieve a blend of growth and inflation, Ratajczak said.
"It is a mix and there is some art to it and it is not purely mathematical," he said.
The fed will not hike and the sell-off was based on pure profittaking and shakeout. Next week, we will see a nice rally. Glad, I stayed put in the I Fund today.