Dying the Same Fed Death Again
Well, why don't we take everything that Fed Chairman Ben Bernanke says as negative? Why don't we say that unless he says, "I am ready to start easing," we should over and over discount what he says and find it hurtful for stocks each time and sell them down?
Why don't we just hammer it every time he opens his mouth and decide, even before what he says, that he is going to kill stocks, so we sell, and then when he says it, we sell again, and then when it is repeated in the news, we sell still once more?
Oh come on, you know that is what is happening. We are getting killed and rekilled on the same stuff, exacerbated by the amazing volatility that is back with a vengeance.
I am beginning to believe that the sheer act of Bernanke speaking has become nuclear, that the guy is as toxic as they come. ...
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