Bernanke gave bulls what they wanted early and they ran markets higher. Who really knows what "untested" measures are? Why should the Fed experiment on the fly? It seems quite haphazard and frankly desperate.
One thing Bernanke's testimony today did was give investors another reason to own gold since who can really trust currencies? Despite its rally Wednesday, why is the euro of any value anyway given EU troubles? So gold and some commodities rallied. Oil rose then fell after the IEA stated they might release more from the SPR, which is really quite dumb.
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