Markets are really getting a lift today from a question and answer session of economists in Boston last night with Ben Bernanke.
Here is the key quote:
“Highly accommodative monetary policy is what is needed for some time in the future, especially given fiscal restraint”
This is somewhat of a U-Turn from his comments just a few weeks back.
Our thought, rates moved up too quickly for his liking.
Here is the 10 Year US Treasury
Fundamentals will eventually win
Earnings season is about to kick off, we need to see growth to support these levels, otherwise the markets are once again Frothy.. Let’s see how we do!
Have a good day!
John Kvalehttp://www.jkfinancialinc.com http://www.street-cent.com 8222 Douglas Ave # 590 Dallas, TX 75225