It’s enough to break anyone’s spirit.
Even after hours, the bears can’t catch a break. Bernanke was ostensibly going to make a speech about the history of the Federal Reserve. Instead, he used it as a forum to announce that QE would basically go on ad infinitum, so naturally all assets are spiking higher.
I seriously don’t see how or when this is ever going to end. If the government can artificially keep assets going higher year after year, why would they ever stop? And why didn’t they think of this stuff in 2000 and 2007? Why did they even bother going through a bear market at all?
I’m sick to death of this. I’m going to spend the rest of my day doing anything besides looking at a chart. Because it’s becoming increasingly evident that Bernanke is invincible, and there will never be a reason for the Fed to stop propping up this house of cards.
