
“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:
Bond bubble threatens financial system, Bank of England director warns
American Airlines cuts Venezuela flights after Maduro threat
Fraternity investigated over Facebook pics of drugs and underage girls
Germany asks top US intelligence official to leave the country
Christianity 'close to extinction' in Middle East
Chesapeake Energy drops legal fight over natural gas leases in New York state
Vancouver businesses jump on the Bitcoin bandwagon
Spanish citizenship offer appeals to US Jews
This drone can steal what's on your phone
UK Likely To Reverse Course On Taxation Of Bitcoin: Will The US Be Next?
Turkey treating Iraqi Kurdistan ‘as independent’
Defense industry consultants advise Arab nations on crowd control products
Pay Me in Bitcoin, IT Professionals Say -- Survey
Harvard Business Review: 3-D Printing Will Change the World
Could you live in 150 square feet? Cities try out micro-housing