Markets Await 'Helicopter Ben,' But May Be Disappointed

CNBC
Jun. 06, 2012

The expectations are so high for Fed Chairman Ben Bernanke Thursday to say something revealing about more Fed easing that he can probably only disappoint markets.

Bernanke's 10 a.m. testimony before the Congressional Joint Economic Committee, comes on the heels of a major stock market rally, inspired in part by optimism for more Fed easing.

Stocks had their best day of the year, rising 286 points to 12,414, and the S&P 500 rose 29 to 1,315.

"What's he (Bernanke) going to say? Is he really going to get in a helicopter and dump money?" said Steve Massocca of Wedbush Securities.

Read More













All original InformationLiberation articles CC 4.0



About - Privacy Policy