... When every talking head is bullish and the world is going so great that we should all "buy stocks," [CNBC's Rick] Santelli demands we ask Bernanke - "what are you scared of," that keeps you pumping this much money into the system for this long?
Simply put, Santelli's epic rant is the filter that every investor (or member of the public) should be viewing financial media and the Fed through today...
On CNBC and all the channels that cover business, we have person after person after person, buy side, sell side, upside, downside:
How is the economy? Economy is great.
What about stocks? You got to buy them.
What if they break? You have to buy the dips.
What's wrong with the economy? I don't hear these people saying anything is wrong with the economy.
So what's wrong, Ben? Why can't we get out of crisis management mode?