The title is from a Motorhead track. Think Bernanke has won? Maybe. But until the market breaks above the MA’s and holds, and they gradually turn up, don’t count your proverbial chickens.

There has been damage done to confidence and that in the market is a dangerous area to lose control of. The Fed have been back-pedaling all week, trying to re-spin Bernanke’s gaffe. We’ll see next week if they have succeeded.