Wednesday, July 13, 2011
So who or what saved the day?
"Comments from Fed Chairman Ben Bernanke set off a stock market rally early Wednesday, but it wasn't long before another Fed official helped cut it short... Most of those gains evaporated later in the day after Federal Reserve Bank of Dallas President Richard Fisher said in a speech that the Fed had already "pressed the limits of monetary policy."
One can never predict what slimy, weasel-like tricks Bernanke has up his sleeve in the future to artificially push the markets up at the expense of everyone else. But at least for today glasses can be raised and a toast given--
'To Mr Fisher-- thank you.'
Posted by Susquehanna at Wednesday, July 13, 2011