What we are witnessing is crowd behavior at its best. Be it lynch mob or mkt mob, all mobs manufacture a leader, their god-for-a-day. They surrender individualism and assume a lynch or mkt mentality. Then that crowd demands salvation be delivered by that god they have created.
From The Crowd by Le Bon, "The crowd unconsciously accords a mysterious power to the.... leader that for the moment arouses their enthusiasm. They demand a god before anything else."
Surrendering their fate to a god - in this case Bernanke - rarely ends up well in the end.
Robert Craven
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