Bernanke Admits He’s Clueless On Economy’s Soft Patch - Agustino Fontevecchia - Moral Hazard - Forbes

Bernanke Admits He’s Clueless On Economy’s Soft Patch - Agustino Fontevecchia - Moral Hazard - Forbes: "Bernanke’s statements rattled the markets, which had remained virtually flat for most of the day. Equities sold-off as the Chairman began talking, with all three major U.S. equity indices closing at their lows for the day. The Dow shed 80 points or 0.7% to close at 12,110 in New York, while the S&P 500 fell 8 points or 0.7% to 1,287; the Nasdaq lost 18 points or 0.7% to 2,669."