Tuesday, October 4, 2011
Bernanke's Bounce! Stocks Rally on Hope for More Bernanke QE
He didn't say he would; he even said he has no plans for more QE. He just said he hadn't "ruled it out". That was all Wall St needed to rally stocks and erase a third day of steep losses. Often, however, within hours, the market will reverse the Bernanke euphoria and continue its prevailing trend.