BERNANKE TO THE RESCUE:

And, what did he say to cause this buying stampede? He Said he was worried about the health of the housing market; that the poor conditions in the sector could cause a drag on economic growth by 1-1.5%; he didn’t know how protracted the decline would be; and, inflation fears are declining. Translation? The Fed is going to cut interest rates and continue to print enough money to keep things chugging along. End of story.

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