Bernanke: Stocks continue with solid gains as the chairman suggests the Fed may never sell the...

Bernanke: Stocks continue with solid gains as the chairman suggests the Fed may never sell the massive assets it's accumulated, instead just letting them roll down. Most interesting are Treasury prices (TLT -1.1%) rolling over - the 10-year yield sunk to 1.89% as Bernanke's soft comments hit the tape, but has reversed to now threaten 2%. Gold (GLD +0.6%) has given up much of its knee-jerk gains, and the dollar (UUP +0.3%) is having none of it, higher across the board, particularly vs. the aussie (FXA -1.1%), yen (FXY -1%), and loonie (FXC -0.6%).
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Comments (5)
  • mickmars
    , contributor
    Comments (1312) | Send Message
    Well, at least he came out and finally admitted they'll never "unwind". $10 Trillion balance sheet here we come. Think inflation will stay confined to stocks?
    22 May 2013, 11:12 AM Reply Like
  • divinecomedy
    , contributor
    Comments (465) | Send Message
    That's why I've been laughing at people who have said that QE will be pulled someday. Ladies and Gents!!! We've found the ultimate recipe of prosperity and it's called QE. Jamie Dimon for President!!!
    With him and Bernanke at the helm, we've be derivating each other until we reach a gazillion dollar in derivatives.
    22 May 2013, 11:48 AM Reply Like
  • CaladesiKid2
    , contributor
    Comments (356) | Send Message
    The stock market will apparently never see another down day. Stocks that were technically overbought two weeks ago continue to spiral upward. Apparently there is an urgency to 'pile in' as we are promised infinity QE with no downside and no allowance for the free market to assert itself. Euphoria is here.
    22 May 2013, 12:14 PM Reply Like
  • Interesting Times
    , contributor
    Comments (15172) | Send Message


    Don't be so sure of that comment. The markets already know BB is stuck. So todays reaction will reverse course.. This game cannot go on forever!


    Time will tell..
    22 May 2013, 01:41 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
    Stocks may not collapse, but the QE will eventually flow into other assets. Buy what's down.


    If you're looking for a safe investment, pay extra on your mortgage.
    22 May 2013, 02:40 PM Reply Like
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