Friday, January 11, 2008

Bernanke putz fire under stocks

Mr. Market was in the doldrums most of the day. But Bernanke putz some fire into it, changing the traffic lights from red to green, with his suggestion that there may have to be substantive interest rate cuts to deal with mounting risks. (See, e.g., MarketBeat blog.)

Guambat reckons all those folks (including some very big folks) who can't seem to get credit at any price will be just damned delighted that it will be cheaper for them not to get it now.

Guambat wonders why Mr. Market got so slap-happy with the prospect of Mr. Risk mounting him.

Guambat wonders why he's up this time of day wondering.


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