Stocks Soar as Ben Buries Bonds

Big Ben Bernanke stirred up the pot today with bold comments about the economy continuing to improve into 2011 and beyond.  He stated that  he has employed and is currently employing tools to stimulate growth including the long term period of keeping Fed rates down and his MBS and Treasury purchase programs.  Of course, his latest effort consists of buying long term Treasuries with principal payments on his MBS holdings.  The refinance craze will also free up additional funds to invest in markets as old loans are paid off.  Stocks soared on the news and closed the day up a whopping 164 points.