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.
I don't think you can conclude that "investors" don't like the new Fed chief because bonds and the dollar went down after the pick. What's good for stocks is not always good for bonds and visa-versa.
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!