Federal Reserve Chairman Ben Bernanke may be speaking before Congress yet again today, telling the same tale of doom, gloom, and bullets he did yesterday, but markets are no longer bothered.
Note how markets are nearly, or at, yesterday’s highs.
- Dow up 2.05%
- NASDAQ up 2.48%
- S&P 500 up 2.34%
(NASDAQ in yellow, S&P 500 in red, Dow in blue.)