Alas, even the FED chairman gets no respect...
When there are stocks to sell and suckers to buy them!
Some of the yada yada today will be...Let's trade stocks;
Because Bernanke will "protect us from inflation..."
And bonds will be down...so "the money has to go somewhere."
And if rates are going up it "means the economy is strong and profits will be high."
And the higher rates will "help the dollar" making US investments "more attractive."
You know the usual stuff...we've heard it all before.
The real proof of the pudding will be if the market masters can drive gold down hard and for more than one day...?
For Wall Street to "satisfy" Bernanke that inflation is "not a problem" the market masters simply must attack the gold markets... The gold market is thinly traded, unlike oil and other industial commodities...
If the market masters can not drive down gold...the FED will keep raising rates...or at least that's the "short term" idea.
And of course on the Street these days everything is short term...
Sell the suckers, pocket the profits, and do it again tomorrow...
