Wall Street Media Presents Wells Fargo Securities: Fed Chairman Bernanke’s 3 Key Points

NEW YORK--(BUSINESS WIRE)-- Wall Street Media presents an exclusive video of Rich Gordon, the highly regarded Fixed Income Market Strategist of Wells Fargo Securities (NYSE: WFC), on what Federal Reserve Chairman Bernanke’s speech last Friday means for our economy’s future. Gordon details the 3 key points of Bernanke’s speech and the conclusions drawn from his statements. The first noteworthy point, in Gordon’s opinion, is Bernanke’s emphasis on the Fed’s capability to continuously ease monetary policy through further asset purchases. The Chairman’s next key statement is that a great deal of the work in implementing financial reform lies ahead of us. Gordon interprets this to mean that although the larger framework for financial reform is in place, there are still many details to be discussed and debated upon. The last key element to Bernanke’s speech is his emphasis on the importance of looking to other policy makers for leadership in these matters of economic reform. Gordon makes note of the responsibility Bernanke shoulders and stresses that central bankers cannot accomplish this reform alone. He points out that risk assets responded well to Bernanke’s comments, and that the S&P rose 1.5% on the day. Gordon also discusses the decline in bond yields and the likelihood of stocks at their current levels to outperform bonds as growth normalizes.

Please visit the following link to view the video:

http://wsmco.com/show.aspx?1706_Market_Summary

Take-Two Interactive Software Inc. (Nasdaq:TTWO), a major player in the multimedia & graphics software industry, was the topic of discussion on today’s video:

http://wsmco.com/show.aspx?1705_TTWO_is_Our_Pick_Today

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Please visit the following link to view the video:

http://wsmco.com/show.aspx?1699_Our_3_Trades_of_the_Day

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KEYWORDS:   United States  North America  New York

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