Submitted by Tyler Durden on 06/07/2011 16:08 -0400
* Ben Bernanke
* Greenlight
Alas, the market still refuses to acknowledge that the S&P will need to drop below 1000 (and whatever the appropriate level for the RUT is) for Bernanke to greenlight QE 3 which will in turn send everything to the moon (better have those collocated algos ready and steady). Judging by the post-speech reaction, markets may finally be getting it, just as Bernanke is also getting that he is dealing with a heroin addict who will not settle with methadone (aka "extraordinary" and "extended").
»
* 171 comments
* Read more
http://www.zerohedge.com/article/market-reaction-bernanke-speech-broad-based-disappointment
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 