Ben Bernanke Deals Out One Last Rally

Hate on the man all you like, Ben Bernanke will go down in history as the greatest Federal Reserve chairman who ever lived. He played this market like a fiddle, and bent even the most staunch opponents to his will. All while sporting a ridiculous beard and a speaking voice that would make a rhetorician cringe.

You are nothing next to the legacy of The Bearded Clam.

This guy smote the short sellers effortlessly at a time when they had all the momentum and benefit of the doubt needed to sink the indices as low as they wanted to go, then kept the market running higher for five years on nothing but empty promises and that devilish smirk.

The guy pulled more than three trillion dollars worth of asset purchases out of his hat, meaning greater than 75% of the Federal Reserves balance sheet was hand selected by Bernanke alone. His predecessors have nothing on his influence.

Bernanke is king. Meanwhile, forgotten media favorite Greenspan doesn’t have two shillings worth of reputation left to rub together.

It’s been just an astounding five years. This is the most fitting end to the Bernanke era I could possibly think of.