Bernanke stimulus promise drives markets higher

[CityFarmer]

Bernanke stimulus promise drives markets higher

LONDON — Global stocks rose today (July 11) after Federal Reserve chairman Ben Bernanke promised to keep supporting the United States economy.

Mr Bernanke said the US needs “highly accommodative monetary policy” — or low interest rates — “for the foreseeable future”. That reassured investors who were dismayed by Mr Bernanke’s comments last month that the Fed would likely slow its bond purchases later this year and end them around mid-2014 if the economy strengthens. Critics said the Fed bungled its communications strategy.

http://www.todayonline.com/business/bern...ets-higher

[yi xiong]

i wonder what will happen when he steps down in January?

[BlueKelah]

the next fella will have to do some sort of tightening..

[CityFarmer]

News update...

US stocks spike on ‘Bernanke boost’

NEW YORK — Call it the Bernanke boost. The United States stock market, which has been marching higher for a week, got extra fuel yesterday after Federal Reserve Chairman Ben Bernanke said the central bank will keep supporting the economy.

The Dow Jones industrial average and Standard & Poor’s 500 surged to all-time highs, while the yield on the 10-year Treasury note continued to decline as investors bought bonds.

http://www.todayonline.com/business/us-s...anke-boost

[natnavi]

Wow... Bernanke's decisions can be summed up in Katy Perry's "Hot and Cold" song; "You change your mind Like a girl changes clothes"

Bernanke Bernanke... please make up your mind. Stop playing with us.

Another thing that came into my mind is "how much did the insiders profit from this."