Inquiring minds and Barry Ritholtz wants to know:
…there is no QE3.
Global equities plummet 5%; Copper gets shellacked, Gold and especially silver see sellers. Bernanke gets criticized, but so was Volcker (unjustly) lambasted, as was Greenspan (deservedly so).
The question all of this raises in my mind is this: Has Bernanke recognized the moral hazard of the Fed guarantee to traders formerly-known-as-the-Greenspan Put?
Asked differently, is the Bernanke Put now dead . . . ?
We can only hope.