U.S. Federal Reserve Chairman Ben Bernanke's announcement last week that the Fed would like to start curbing its QE3 bond-buying program triggered a stock market sell-off that erased two months' worth of gains in two days.
The markets have stabilized in the days since, but the episode has left Wall Street jittery.
And for that you can blame Bernanke, Money Morning Chief Investment Strategist Keith Fitz-Gerald told host Stuart Varney on FOX Business today (Wednesday).
"The bet is all about Ben. This market is all about what he's going to do every day he wakes up and traders are trying to figure out if he's coming or going," he said.
So is the stock market sell-off
over, or just taking a breather?Take a look at the video to find out how Keith sees the situation, and to get his advice on how to deal with all the Bernanke-induced volatility.
And despite what the Fed said last week, here's Why We Won't See the End of QE for a Very Long Time.
Credit: Money Morning - Only the News You Can Profit From http://moneymorning.com/2013/06/26/is-the-stock-market-sell-off-over-that-depends-on-bernanke/
