emily x

Why Did the Market Act Like Bernanke Said Something New?

Amen! My theory is b/c he made the speech so early, it seemed extra important. When I saw him on TV first thing in the morning, with a "breaking news" banner, I just went "Uh-oh -- what now? This can't be good..." And even tho he wasn't *saying* anything distressing, by then I was convinced it was bad news!

I think in the future, Mr. Bernanke should present his comments from a beach chair, under a palm tree, with a cool drink in his hand and the waves gently cascading behind him. That would be the "good news" or "no bad news" scenario. If it is bad news, then he should deliver the speech from a plunging rollercoaster, or maybe having jumped out of a plane, just before he pulls the parachute (or if it's *really* bad - no parachute!). That way there would be no mistaking what he's trying to "signal."