Marc Faber: The Worse the Economy Gets, the More Stocks Will Go Up ... (until the big collapse)
He pretty well summed up my feelings about Bernanke's reappointment. :)
The suggestion that systemic risk has been reduced by the interventions enacted is severely misguided. Quite to the contrary, reflation buys time, but ultimately INCREASES systemic risk by feeding the derivatives monster that lurks. In this, I entirely agree with Faber's view.