Bernanke's bid to inflate the stock market will fail. In the short run, it may stop a freefall, as he is obviously determined to flood the market with liquidity and make anyone sitting in cash feel foolish.
But one man does not a market make, and illusions are just that, illusions.
The election was a positive. Enough fiscal conservatives were elected to the house that someone may actually try to stopped the crazed FRB.
More later...
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