Keep the Cheese

Bernancke could not please the markets which is probably the first intelligent thing the guy has done since taking over at the Fed. The market needs to price a quantity of crap and given the technical action, it has not finished. So maybe the Fed is saying "money is cheap, that is not the problem.' This will make the long only crowd unhappy and dissoriented about the their new surroundings as they trip over other due north positions. The 'keep the cheese just let me out of the trap' pricing may be here. The Fed may hear them.