Bernanke Hawkish, Stocks Bullish Fever, Dollar Rallies

The stock market rallied again today resulting in the most bullish week since July. Fed Chief Ben Bernanke exhibited hawkish sentiment by stating that monetary policy will be tightened once economic improvement is witnessed. These words triggered a substantial rally in the U.S. Dollar causing it to rise the most in two months against the Yen. Stocks were so exuberant that momentum carried them higher despite Bernanke's bearish statement. The DJIA surged +78.07 to 9864.94, the tech heavy Nasdaq advanced +15.35 to 2139.28 and the broad based S&P 500 climbed +6.01 to 1071.49.