A Close Encounter With Zombiedom

Ben Bernanke spoke out on Tuesday, leaving no doubt where he stands on the QE issue. To print or not to print? He hardly seemed to think about it. Instead, he announced himself four-square in favor. If there is to be any prudence or propriety at America’s central bank, it won’t be on his watch!
This seemed to put some starch into investors’ nerves. After a big sell-off on Monday… and a bounce on Tuesday… they went back into the markets yesterday with a single-minded command: “Buy!”