daytrading feb 28 pre-market, page-11

The Bernanke Jig - mmmm....2016...should have trickled down to small caps before than......

"Bernanke expressed confidence that the central bank’s low-rate policies currently pose little risk of causing runaway inflation or a stock market bubble.

One lawmaker asked Bernanke when the economy might produce enough jobs to bring the unemployment rate, currently at 7.9%, down to 6% – the top of the Fed’s long-term forecast range.

A reasonable guess for 6% would be around 2016, about three more years,” Bernanke told the House of Representatives Financial Services Committee, leaving the impression that the Fed’s key rate won’t be moving up for as much as three years.

“This is very much focused at the average American citizen,” Bernanke said. “Our estimates are that we’ve helped create many private-sector jobs. … People are able to buy houses at very low mortgage rates, refinancing at low mortgage rates. People are able to get car loans at low rates.”

The low borrowing rates have boosted demand, Bernanke said, and that has helped to lift home prices, making home owners feel more financially secure.