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tdp2664 InvestorPlace Federal Reserve Chairman Ben Bernanke is speaking at the annual Jackson Hole conference, and enough people in the market believe he will say something that will suggest he will do another round of quantitative easing. As a result, the market has moved up and now sideways. Bernanke is boxed in. He has already said he will keep interest rates near or at zero for at least two years, which tells traders two things: The economy is quite weak, and if you want to make money, buy assets other than Treasuries. The market traded down on the comments on the economy, then traded up on a silly hope he will say something that creates some liquidity for an already liquid market. Bernanke will probably use some words or phrases that give traders hope he will ease some more. He also will reiterate his real worries about the economy.
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