scored 96 %ile on your eyes test. Not surprising cause I can read people like a book. . 50%ile on the memory part.
Fisher, Plosser and Kocherlakota don't dissent Hilarious, specially Kocherlakota, the guy just signed on extended period but somehow still sees 2 hikes this year
Shocking press conference. What a horrid Soviet-style apparatchik this man is. And Steve Liesman showing his true colors - practically bowing down before the man and thanking him (!) for deigning to stand before us and answer questions. Hey Steve - this is America, not the USSR. Bernanke serves us, not the other way around. He should be thanking us, not us him. At least he gave an all clear signal to sell dollars, buy shares, and buy commodities. Good day for the portfolio, bad day for the country.
For what it's worth Martin Armstrong said the Euro will reach new highs and gold will reach 1800$ and retrace afterwards should we break 1500$ this spring, which we obviously did.
I fail to see any reason why dollars should not be exchanged each and every day for other currencies, commodities, or Russell 2000 stocks. What you saw today was a man as out of touch with reality as any of the Middle East dictators we're wasting our treasure and young men on to remove from power.
I actually I thought the biggest surprise of the day was uber hawkish. Bernanke says extended period means a couple meetings! I have never seen anything like that from anyone at the FOMC. Matter of fact Dudley said Asked what "extended period" means, Dudley said he did "an informal poll of people" and "among my very informal set of people that I asked that question they said that 'extended' in their minds means at least six months." Then one fomc minutes last year said extended period was not a timetable, now Bernanke claim it is and it means 90 days. I'm very surprised and I'm wondering if he didn't misspoke
Well, FWIW my read on bernanke was he was not concerned about the current level of inflation expectations on the medium to long-term tips markets. I paid close attention to when he spoke about it and he didn't seem worried not even a bit. I was getting more and more concerned about that as they have been creeping up non-stop since QE2 but his comfort level seems to be quite a bit higher from here. I'm wondering if you agree
Buffett turns his back on his long time buddy http://www.cnbc.com/id/42787053 Apparently he can't handle all the criticism. I read 'The Snowball' and it seems that Buffett can't support not be liked by people so he will probably cremate Sokol at the meeting. This is a good for me as I'm long BRKB but I find shameful how he is stabbing the guy on his back for "misleadingly incomplete disclosures" when he disclosed and Buffett failed to ask more about it
Its funny the Berkshire audit committee has all these complaints about Sokol yet Buffett signed on his statement saying he thought that was nothing illegal about the situation even after having the opportunity to get all kinds of information from him and knowing the SIZE and TIMING of the purchases. Now they claim its all a big deal yet a month ago Buffett thought it wasn't