If Gold and Oil plunged on the Bernanke speech...
perhaps it's because the New Fed Chief will CONTINUE RAISING RATES....
Now, that is bad for growth...and commodities...but it is also bad for stocks longer term.
And, the inverted yeild curve will have to be explained sooner or later...but it appears that the market is saying that Bernanke will be an ASSET INFLATION FIGHTER....EVEN IF GREENSPAN WASN'T!
Thus the yeild curve is predicting a big slow down in the economy...as rates keep on going up, up and up again...
And THAT gentle reader is exactly what the dollar needs in view of the trade and budget deficits...
So my question is why is Wall Street so happy...??
