QE is failing as all CB are increasing assets. The USD is rising against expectations of QE. Clearly the Fed bought too high. They should buy low!
I recommend TLT highly at this point. The market (SPY) faces:
1) OB condition
2) QE failing and rising USD
3) Gas Buddy flat and falling slightly so little if any inflation
4) Debt Limit which will cause consternation until resolution at end of February