Federal Reserve Chairman Ben Bernanke recently spooked investors when he told Congress that the time was coming when the Federal Reserve will let the economy run on its own. The Dow Jones Industrial Average, that day, quickly dropped 127 points before recovering almost all of it.
What Bernanke said was what a doctor could tell his patient after examining him: “You are eventually going to die!” The doctor didn’t say the patient was going to die today or tomorrow, but someday in the future. And that’s what “Dr.” Bernanke was telling his Wall Street patients: The day is coming, but not now!
Enjoy the bull market while you have it!