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Richard's Remarks

 

This site is going to be short and sweet.

 

I just heard Bernanke's latest interview. He said that the economy is improving, just as he had expected. And he said further, that the Fed will continue their "open spigots" policy, which includes buying $85 billion worth of assorted bonds each and every month. Plus, of course, the zero interest rate policy. And hey you poor broke slob, if you don't like the zero policy, then go buy some stocks or better still, buy a house, because Bernanke is dedicated to driving almost everything that moves or doesn't move, higher and higher.

 

As I write the Dow is up 62 points, with Transports down 27.

 

So what do you and I do? Easy, we sit with our DIAs and stay with them until I see signs of danger, which, by the way, are not visible yet. Of course, I am aware that on a dividend ... Log in or subscribe to continue reading.


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