[3niner]

I don't know much about the new Fed chief but if you're looking for investor proxies on him look no further than the bond and currency markets. Bonds and the dollar got slammed on this news.

Well, DUH.

When a lot of money moves from bonds into stocks, the stock market rises and the bond market falls. This is a sign of economic optimism. The reverse is a sign of economic pessimism.

BAMM! Stomped another commie!

[Afronaut]

" BAMM! Stomped another commie!"

People who know more than you are Commies?

[groanup]

Gotta admit that's a creative post. Next time bonds get walloped and I lose my ass like I did today I'll know to just shift it over to stocks and I'll make a killing. Thanks for the tip.