Federal Reserve Chairman Ben Bernake will speak today at noon EDT to discuss the financial crisis. What can he say since he already predicted the recession will be over or at least the down turn stopped by years end. That's seems to be as positive as anything that he'll say today. Maybe he'll add more money to the purchase of more bonds but after Wednesday's information, how much is too much?
Bonds dropped yesterday and are down slightly this morning on INFLATIONARY worries. Keep printing money and sooner or later INFLATION has to become the problem.
The Fed has purchased $235B of the $1T it intents to buy this year. Let's hope the Stock Market can keep preforming.
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