Markets reaction to Bernanke congressional presentation is possitive.
What did the congressmen & the market like? Clarity is #1- that he does well. Also indication that the fed could hesitate rasing rates to get more data. Clarified the 3 objectives of the Fed: keep inflkation low, healthy economy and dollar, and good employment. Also he acknowledge concerns about wage disparity ( rich VS poor), current account deficxit, and that the rest of the world (China included) influences the US economic status. All the congressmen understood his positive message regarding the satisfactory status of our economy. His clarity is a gift and his commitment to more Fed visibility will benefit investors. Yes he says Gold prices is on his screen as is all commodities and folks buy gold to preserve wealth against inflation concerns. Increaased energy pricing is biting into consumers spending and will slow down the economy. I am adding to my US stock investing commitment based on Bernake's statements and his contribution to meeting the objectives of the Fed. Markets understanding that the Fed will control inflation helps to keep long term rates down and ALSO is self fullfiling in controlling inflatioin. Happy Hours ahead- What are your comments??

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