US SMALL/MIDCAPS-Stocks climb on Bernanke boost

[Springer9]

NEW YORK, July 13 (Reuters) - Mid- and smallcap stocks rose
on Wednesday after Federal Reserve Chairman Ben Bernanke raised
the possibility of further stimulus measures for the economy if
deemed necessary.
Bernanke said the U.S. central bank is ready to ease
monetary policy further if the economy weakens and inflation
moves lower, suggesting policymakers are actively mulling
further stimulus. (snip)

Energy shares were the best performing sector as the
prospect of a new round of stimulus drove the dollar lower
against most major currencies, which boosted commodities. The
S&P MidCap energy index .4GSPE jumped 2.2 percent and the S&P
SmallCap Energy index gained 2.5 percent.

http://www.reuters.com/article/2011/07/13/markets-stocks-smallmid-idUSN1E76C0XP20110713?feedType=RSS&feedName=companyNews&rpc=43

Thank GOD the energy sector(oil) and commodities(oil) are happy.

Does anyone know WTF they are doing?

Ben Bernanke (in his annoying and un-nerving wavering voice)

"Gosh, that's not how it worked in my Doctoral Thesis."

[Cali_Democrat]

1. Well...the first two rounds of QE failed miserably

Not only did it cause a spike in commodity prices, but it did nothing to create jobs and it also increased inflation.

3rd time's a charm? :shrug:

[MilesColtrane]

2. Nice thought, but really, what does he have in his bag?

Printing more money and buying assets hasn't done a whole hell of a lot so far.