NEW YORK ( TheStreet) -- On Wednesday, I prepared traders and investors for the potential volatility following the Federal Reserve statement and to Fed Chief Bernanke's press conference. In my post, How Capital Markets Will React to FOMC News I presented the key levels to focus on for six ETFs that track long-dated Treasuries, gold, crude oil, the Dow Industrial Average the S&P 500 and Nasdaq 100.I have been, and will continue to be, a critic of how the Fed has handled monetary policy in reaction to the Great Credit Crunch. The decision not to begin tapering the QEs just continued to inflate the bubble in the U.S. equity markets. The 0% funds rate and the Quantitative Easing have not worked!
The Bernanke Equity Bubble Continues to Inflate
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