Big Ben Takes the Ball Deep

8:45am (EST)

Well, we have to hand it to Fed Chairman Ben Bernanke. He threw a touchdown pass to the bulls in a historical, first-time ever press conference after the Federal Open Market Committee’s announced its decision on interest rates.

We weren’t expecting the rhetoric from the latest FOMC policy statement to change any because it has been the same broken record for months.

The big bankers’ statement came out a few hours before Bernanke and stated they expect to keep the Fed Funds Rate — still at 0.00% to 0.25% — “at exceptionally low rate levels for an extended period of time” (really?), and that they would finish the $600 billion bond-buying program on schedule which ends in June. However, there was a new scratch on the ‘45.

To read more of today’s commentary, please click here…

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Big Ben Takes the Ball Deep

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