Bernanke Sticks to His Guns and Fools Wall Street

Markets were thrown into chaos yesterday when the Federal Reserve announced it would not be reducing its controversial quantitative easing program in the immediate future. After trading flat ahead of the Fed's statement the Dow Jones Industrial Average (^DJI) closed up 147 points at a record 15,677. The S&P500 (^GSPC) also closed at a record high at 1,725.5.