What Will Bernanke Say?
I believe that additional purchases of longer-term securities, should the FOMC choose to undertake them, would be effective in further easing financial conditions. --Ben Bernanke, Jackson Hole, Wyo., August 2010
The market has stayed stubbornly strong for weeks as investors anticipate some sort of action by the central banks. In August 2010, Fed chief Ben Bernanke triggered a massive rally when he announced the likelihood of a quantitative easing program at the Jackson Hole conference. Subsequently, the market moved straight up for six months with nary a dip along the way as a flood of cheap money had few places to go but into equities....431 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.