Thursday, January 30, 2014

Wall Street's Hissy Fit


Yesterday the markets dropped; they had a hissy fit
When Bernanke said the Fed would taper back a bit.
Wall St. knew that this was coming; there weren't any shocks...
Doesn't mean they have to like it - hence, the falling stocks.

Ben Bernanke quit his job as Chairman of the Fed;
Monday morning Janet Yellen will be there instead.
Tapering is likely to continue under her.
(Thanks to Ben Bernanke, we're much better than we were.)

Now that the economy is chugging right along,
Giving indications the recovery is strong,
Wall St. needs to come to grips; they need to do it now...
Not take out their anger on the NASDAQ or the Dow.

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