Well I wanted to use a more descriptive phrase but this is a “family” site.  Amazing, Bernanke made it crystal clear that the Fed will ease Quantitative Easing (QE) when the economy shows definite signs of improving, meaning in his terms unemployment below 7% and growth of over 2%.  The point was to give markets clear signs of when this major adjustment, reducing the Feds injection of funds into the economy, may take place.

Unfortunately the famous “analists” took his instruction as a sign that the Feds will definitely reduce QE soon and sent the stock markets around the world into a tailspin.  When will we learn that our 35 year old IPhone weilding financial gurus are genetically doomed to making major mistakes?  They caused the “Great Financial Meltdown of 2008″ which led to the “Great Recession of 2009.”  Now they want to throw the financial markets into another disastrous fall. 

As a one time stock broker with a Wall Street firm I have no sympathy for investors who follow these “analists” who can’t distinguish their posterior from a well in the ground (again, this is a “family” site).  Until we learn how to distinguish these over zealous gurus from the real McCoy we will be destined to be lashed by false financial storms.