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Detailed text transcripts for TV channel - MSNBC - 20140210:10:38:00

this week as janet yellen makes her first appearance on capitol hill as the fed chairwoman. capping the week on a high-note, best two-week gain in months. steve here to fill us in on what we're watching today. >> very good day to you, thomas. janet yellen will be explaining what her policy is going forward. her first testimony before the politicians on capitol hill. of course, since taking the job since ben bernanke. she will be speaking first to the house finance service committee on tuesday and then on thursday the senate banking committee. up 1.8% on the s&p. tim armstrong is trying to reverse the damage he created over at aol. he is the ceo. they were cutting some of the 401(k) benefit retirements for employees. he said it was down to obamacare and the cost associated with the distressed babies of two employees. there's been a big backlash and said i've listened to what

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Detailed text transcripts for TV channel - FOXNEWS - 20131216:16:38:00

look at heir portfolio and they see they're at 20% and they wonder what to do for the year ahead, what do you think we'll see? a huge pullback or a lot of those gains go away or do you think the market is sort of where it's going to stay for awhile? >> well, i think the market, when you're speaking about equities, is likely to go up. rates still aren't quite high enough to where everyone is going to just ditch stocks and go out and buy bonds. the other thing going on, we have a new fed chairwoman coming in, in january and just a couple of months ago, the market was screaming for janet because ben bernanke is stepping out and she'll come in and it's likely she's going to continue to support for the equity market that we've had before. so while i do think things will get a little bumpy here, i still would recommend being in equities opposed to bonds. jenna: so are you talking about the quote, unquote, stimulus that the fed has put into the economy the last few years? >> yes. the bond buying they've been doing and keeping the fed funds

Lot , Market , Look , Heir-portfolio , Gains , Pullback , 20 , Thing , Everyone , Stocks , Rates , Bonds