Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
Bernanke really needs to speak about how poor the economy is more often… could be back to NASDAQ 5000 in a few months if he does a Monday morning presser each weak bemoaning the wretched state of affairs.
Anyhow, it seems longer than a week ago due to the selling of last week, but we once again are seeing the “V” shaped moves that now are the rule, not the exception, of markets since 2009. The S&P 500 is making a run for the highs of 1414 from last Monday, and the NASDAQ is even stronger – even with Apple quiet until about an hour ago. Then once the teflon stock kicked in, things really got heated on that index. The Russell 2000 continues the relative strength from Friday, and we’re just partying like it is 1999. Somewhere even Greenspan must be in awe of what Ben can do.
China? Europe?
Meh.
I’ll raise you a Bernank.
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