Why were we cursed to get Bernanke as a fed chief? And we are stuck with his incompetence, ignorance, arrogance for a long time to come. It is time to invest our money outside of the United States. The man thinks he is God... he is obviously suffering from a Napoleonic complex, another ivory tower dreamer who cannot face up to the realities of today's world. Can the Fed chairman be impeached? he is confirmed by the Senate. Can't the Senate impeach him before he destroys the whole Market? every time he opens his mouth the Market turns sour.

I believe Mr. Bernanke is very dramatic, this is the second time which he doomed the market. I wonder if he has an idea of what his work is all about it. GAP

Maybe I'm stupid but I do believe the housing industry is the base for many industries and companies. When is Bernanke going to get it straight. He has totally ruined the housing industry which in turn has zapped the markets. How can we get rid of this IDIOT.

I wasn't surprised so much by what Bernanke said, as the way he said it. The Chairman sounded very nervous and unsure of himself. We can't all be accomplished orators, of course (look at Tony Snow), but for a man in Bernanke's position to come off like an adolescent who's afraid he'll forget his lines ... well, it isn't very reassuring, is it?

This Fed Chairman Ben Bernanke has some news but the market reacted as it has in the past with a large loss for that day. One thing about Wall Street is that it never changes. What will drive the market? More high tech!!! Think that over on the June 28-29th news.

Don't just vent at the idiot here, write the Federal Reserve, your Senator and the President. This man is going to throw the economy into a recession. HE'S DANGEROUS!

What we have here is another incompetent Bush appointee. Between Bernanke and rising oil prices (another Bush blunder) I beleive we are likely headed for a recession and the resulting market downturn. This is reminecent of the late 70's when the Fed over reacted and we were stuck inflation due to high oil prices and astronomical interest rates and a recession.

What inflation? They are selling TV sets out there for $49.99 and Americans are making less and less while productively working 50Hrs/week on the average.
Fuel expensive? Hey, isn't 30% of it simply due to the dollar's goverment-allowed loss of it's value over the past 15 years? Mr.Chairman, wake up please!

The market losses Bernanke has caused by his ambiguous comments since taking control will make the loss resulting from the Enron debacle look like peanuts. Where is the accountability?

Should we be surprised at Dr. Bernanke's remarks? He's been sending signals he was ready to increase rates since he took the Fed Chief's job. Why CNBC and so many so-called "analysts" thought he would be finished rasing rates after May signifies how out of touch these manipulators of the stock market are, or how gullible they thought investors would be.

If you think Dr. Bernanke is unfit for his job ,you can thank the guy who appointed him to it.

Just like all the incompentent clowns in WASHINGTON!The country has a real CLOWN SCHOOL BOOZO running the FED!! Just another example of BUSH!! This man has to GO!!

Of course prices are going to increase(inflation) with gas as high as it is. I don't see a reason to raise interest rates because of it. Treat the disease not the symptons. Let's try letting the economy run its course for once.

Do you think Ben really can pull the lever and turn the handles to engineer a soft landing? The problems with the economy and debt are so much larger than Ben. He will just get the blame when the house of cards come tumbling down. Buy some gold!

I agreed with all of you. Mr. Bernanke needs to keep his big mouth shut. This is the dumbest actions I have ever seen from the FED. All I can say is " Mr. Bernanke, you screwed up! shame on you"

this guy is bad, real bad. i have yet to see or hear anything good about this fed chief. i don't think bush appointed him, this guy has to work for osama bin laden. he has single handily wrecked our economy. what is worst, bush will have the nerve to say what a good job he is doing.(aka donald rumsfeld) osama must be laughing himself silly right abou now.

Perhaps the best solution is to re-position our holdings to better withstand the waves to come. The Fed Chairman still has not figured out his job: Does he fight inflation -- a losing battle -- or preserve the economy and thereby people's jobs. If, in his view, inflation were the only enemy, then we need to hang on tightly, because our deficit spending will sink us long before the devaluation of the paper we hold in our wallets.

My 4 year old beagle gave me a sell signal 6 months ago and he can't read or write which makes him a solid source of info...Seriously all of a sudden it dawns on these morons on Wall St. that nobody is going to the mall or to Circuit City because they have to take out a home equity loan just to put gas in the car.... When you are forced to shell out 15-20 cents per mile to drive I think those leisurely drives around town are now put on hold don't you think? Also has anyone been paying attention to T-Bill rates? They have tripled in 18 months....HELLO!!
Profits bulked up thru productivity gains have hit a dead end....you can't cut anymore people since they aint there to be cut
Far and Away the most important factor folks is that the psychology of the market has changed to negative...Its no longer looking for undervalued stocks i.e. on the buy side... its more like unloading overvalued stocks i.e. sell and there are a bunch
Bambi's Mother said it best there is something evil in the forest........

You think Mr. Bernanke would have known before he took this job that the whole world watches as to what you say. You have to present yourself like you have a clue what you are doing. There has not been enough economic evidence to show we are moving into a recession or the inflation is upon us. There has been enough evidence to show the economy is due a break when it comes to interest rates. Did you not think that the economy would begin to slow some due to the raising of interest rates. Why should you be surprised? Don't be surprised Mr. Bernanke, when you say you think there may be a fire in the building everybody starts running toward the door.

Bernanke is actually saving the US from itself! With Congress printing money to the tune of Billions everyday for entitlement programs, pork, earmarks, Iraq, Afghanistan, Katrina, Israel, Egypt, the UN, etc., while also helping to boost job growth with lower taxes (a good thing), while growth industries have been outsourced to China & India (bad thing if you're in a union), while commodities speculation runs amok due to OIL madmen from Nigeria, Venezuela and Iran---Bernanke MUST pull back on excess liquidity which refuses to heel any time soon!

All of your comments are quite accurate pertaining to Mr Bernanke especially when one considers his lack of onfidence in his understanding of the impact he puts forth.But what can you expect from someone appointed by Bush and his display of intelligence. Why would Bernanke make the comments on Monday as he did, given what came out of Iran over the weekend