A bear market will happen when the US increases interest rates and depending on how much higher the stock market goes from here is to how heavy the bear market will be... Interest rates cannot rise in the US because this will make the financial system crumble, so IMO we will see more qe instead of more tapering... They will only raise interest rates when inflation gets to the point where they have to do something about it, until then they will keep printing to hold the system up as long as they can...
Unfortunately the longer they do this the worse inflation will become and the bigger the bear market when they are forced to raise rates... Don't know if this will happen in 2014 but IMO it will happen
