InvestorsHub Logo
Followers 10
Posts 823
Boards Moderated 0
Alias Born 12/02/2012

Re: None

Tuesday, 02/26/2013 6:45:30 PM

Tuesday, February 26, 2013 6:45:30 PM

Post# of 80868
Bull market expected to continue. Mr. Bernanke expanding the money supply to encourage borrowing and lending.

Now, we need MSLP to declare CFP or profitability so we can dump our shares around $20 to those people on margin with Uncle Ben's easy money. smile

"WASHINGTON — The Federal Reserve chairman, Ben S. Bernanke, played down concerns about the Fed’s economic stimulus campaign on Tuesday, describing it as necessary and effective and making clear it was likely to continue for some time...The Fed, which has amassed almost $3 trillion in Treasury and mortgage-backed securities to promote more borrowing and lending, is expanding those holdings by $85 billion a month until it sees clear improvement in the labor market. It plans to hold short-term interest rates near zero even longer, at least until the unemployment rate falls below 6.5 percent."

http://www.nytimes.com/2013/02/27/business/economy/fed-chairman-defends-stimulus-efforts.html?_r=0