It's A Nuclear Melt-Up, Part 5

Helicopter Ben basically says unemployment is screwed, the housing market is screwed, the recovery is screwed, and that we're basically screwed....

In remarks to state legislators that focused heavily on the problems faced by budget-strained state and municipal governments, Bernanke said constrains at the local level were also hindering the national rebound.

"We have a considerable way to go to achieve full recovery in our economy, and many Americans are still grappling with unemployment, foreclosure, and lost savings," Bernanke said. 

The market reaction?  Dow up 200 points at mid-day.  We've now fully priced in Helicopter Ben's Magic Printing Press.  The worse the economic news gets, the more chance of Bernanke turning on the fire hose filled with cash and spraying down Wall Street with it.  And everyone wants a piece of that action.

Big Casino is about to break the bank open and roll the slots jackpot, and everyone knows it's coming.