Bernanke makes market moving comments after close

[stock_trad3r]

Quote from frank grimes:

Stock, this is a serious question. In your opinion the normal business and economic cycles are no more? The economy is just going to keep growing with no more recessions? Come on you've got to be kidding me. The sheer amount of greed in OUR country is enough to ensure that there are going to be "disruptions" in all areas of our economy. Lets face it, most people do not want to work, they want the next get rich quick scheme, and we have business that will knock each other over to sell to these idiots, that in turn means from time to time our economy will contract and the mkts will correct, or worse.

In my opinion, we are entering an era of 'economic perpetualism' resulting from gobalization and reduction in market & economic inefficiencies. The result is a much more robust, resiliant gobal economic and marketplace system immune from crashes, bear markets, and eventually volatility. The market will become so attuned that arbiters will nullify most voliatility. Globalization will provide endless growth possibilites combined with increasingly advanced financial instuments.

At some time in the distant future when the dow is at 50,000 or so instead of seeing .1-1% daily fluctuations as we do today, .001-.01% flutuations will be the norm. There will still be volatility, but the percentage will become smaller.

 

[QQQShort]

Quote from stock_trad3r:

In my opinion, we are entering an era of 'economic perpetualism' resulting from gobalization and reduction in market & economic inefficiencies. The result is a much more robust, resiliant gobal economic and marketplace system immune from crashes, bear markets, and eventually volatility. The market will become so attuned that arbiters will nullify most voliatility. Globalization will provide endless growth possibilites combined with increasingly advanced financial instuments.

Comments similar in spirit to those have historically signaled a top in equity prices.