
“Officially, the Federal Reserve isn’t supposed to worry about keeping stock prices flying high. But when Fed Chairman Ben S. Bernanke was asked about the market’s outlook last week on Capitol Hill, he sounded like a lot of bullish Wall Street investment strategists. ‘I don’t see much evidence of an equity bubble,’ he told the Senate Banking Committee in his semiannual testimony on Fed policy. Stocks ‘don’t appear overvalued given earnings and interest rates.’ More important for the markets, Bernanke pledged to continue the Fed’s policy of pumping colossal sums into the financial system to support the economic recovery.”
http://articles.latimes.com/2013/mar/03/business/la-fi-0303-bull-market-20130303
Related posts:
Ex-Haines City Officer Pleads Guilty in Underage Prostitution Case
Ron Paul blasts establishment in Ron Paul Channel debut
Musharraf says blasphemy law cannot be changed (2011)
He built his own toll road: solving problems the State's too useless to fix
Switzerland tops World Economic Forum global competitive rankings
Donor sues GOP for fraud, racketeering after failed Obamacare repeal
Successful Entrepreneurs Share a Common History of Getting in Trouble as Teenagers
Police Taser blind man after mistaking cane for samurai sword
Abenomics Spurs Gold Sales in Japan as Inflation Hedge
US regulations are hampering Bitcoin's growth
U.S. soldiers killed in Somalia after reports of civilian deaths in May
‘Citizen Drone Warfare’: Hobbyist explores a frightening scenario
Rich Manhattan moms hire handicapped tour guides to cut lines at Disney World
China’s manufacturing slumps in August
North and South Korea prepare to negotiate directly after years of mistrust