“These are not the droids you’re looking for”
There is nothing here move along
“its all part of the plan”
Fed chairman discussing record high stock prices, only in this instance, Ben Bernanke not only refused to take credit for the rally, but went one step further, saying “At this point, we don’t see anything out of line with historical patterns.”
As my co-host Jeff Macke and I discuss in the attached video, while many investors are nervous about lofty stocks right now, Bernanke does not appear to be one of them. I like to call this his anti-irrational exuberance moment, as it aimed to defuse investor worries rather than heighten them, and even saw the Fed chief advancing the theory of inflation-adjusted stock prices still being well below an all-time high.
