My two cents: Bernanke’s comments

Posted on August 27, 2010

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The headlines and theme were what they needed to be –

Bernanke: Fed will take action if economy falters.” (from Yahoo.com)

Bernanke Says Fed Stands Ready to Support Recovery.” (from the Wall Street Journal)

Bernanke outlines three options for additional economic stimulus.” (from HousingWire)

The result is a nice little boost in the trading markets so far this morning – up 50+ points as of 11:00am EST.  Too much bad news from housing over the past week and lots and lots and lots of talk about the old “double dip recession.”  The market needed some confidence so Bernanke gave it to them (even if he had his fingers crossed behind his back…)