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Fed measures boost stocks, but results could be fleeting
Sep 17th 2012, 04:07

WASHINGTON — Economic growth is pitiful. Unemployment has topped 8 percent for an exhausting 43 months. The nation is careening toward a so-called fiscal cliff, and maybe a recession. So why is the Dow Jones industrial average, that trusty gauge of corporate America's strength, just 4 percent shy of an all-time record? And why are the smaller public companies measured by the Russell 2000 index almost there already? Start with two words: Ben Bernanke. Bernanke, the Federal Reserve chairman, last week announced unprecedented measures aimed at lifting the sagging economy — and boosting the prices of assets like stocks and houses. The market rallied all summer in anticipation of such a move. The...

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