Ben Bernank-who?

Repeat after me, "Who is Ben"? Unfortunately there is only a small group of people that actually will say this along with me since it seems that everybody loooooves Mr Ben. I am starting to get frustrated by the markets obsession with getting a rate cut. Here is an extreme example. After we fall into a depression and are eating soup out of a dirty bowl, is that rate cut going to excite everyone? Probably not. I don't think we should be passing up current fundamentals in exchange for the hope of a rate cut down the road. We seem to be able to quickly forget about weak retail sales, housing problems, etc., but every time we get "benign" inflation data that is good for a 100 point bounce. Let's leave the word "benign" to the doctors treating tumors and start focusing on the underlying fundamentals of our economy. Too all of you who were disappointed to hear the housing news today, thank you for seeing the light. Everybody else, wake-up. Higher stock prices and lower earnings smells like overvalue.