The Day was Good

Janet Yellen had her first testimony today and to everyone's happiness said exactly what the markets wanted to hear. She is going to be another Bernanke and continue his policies. The markets love this because it means that she will support the markets and not change anything. It is better for the economy that she will be a continuer rather than a radical changer. Markets need stability and to have trust in the system for it to thrive. As long as she continues the same policy and the markets can trust her, it will be better overall. Of course she could have in mind keeping it the same for now and changing later. We should always be diligent in finding information and processing it. For now though the markets will celebrate the new Fed Chairman and the it will be a good time to invest.