Ben Bernanke's new blog: interest rates, page-12

I think you need to alter your statement to:

"Good article. BB is telling us not to have faith in the recovery story, short the DOW when a yield of only 2% is above the real yield of cash (interest rates - inflation), and buy a bit of gold. OK - I might have ad-libbed a bit of that."

The market is currently the only game in town until one of two things happen. Interest rates rise, or the US dollar falls.

US dollar falling would make a mighty good investment case for Gold, foreign currencies/stocks, causing a fall in the DOW (thus short).

Interest rates rising, would also create a mighty good investment case for piling into safe money and away from a 'toppy' market with low yields.

Interest rates rising, would cause double cuts too, because real-estate yields might turn negative if rates go up, which would really hurt the 'growth'.

Interesting article indeed.