Chuck Mikolajczak wrote today that “Wall St rises as Bernanke eases fears on banks” as if that’s the only thing that investors are concerned with. If Bernanke says it’s going to be all right, then we’re going to buy buy buy! The economy’s going to be great because big Ben is on the scene. Fuck that.
Could it be that stocks were just UNDERVALUED and the centralized control of the economy isn’t ALWAYS the reason why stocks go up. Be a little consistent- where was the credit for all of Obama’s and Bernanke’s actions the last few days when the stocks TANKED?!
Get it straight- the markets do not like socialism!