Accommodation

Talking heads miss Greenspan. They could always count on him to buckle under market pressure and give the market any accommodation. Bill Gross of Pimco cannot believe the Fed has not lowered rates despite his expertise on these matters. Jim Cramer's certitude about what the market needs comes from a career of being wired to the inside, surely Bernanke will listen to him. So far however, the Fed chairman is telling the market to 'trade it' knowing inflation is the big issue and interpret data released against that policy.