NY traders adopt Communist principles

NEW YORK (TheStreet) -- Judging by the action so far this week, Wall Street evidently believes Ben Bernanke is the man with the plan.

After all, even the odd earthquake on the East Coast couldn't derail the buying.

The contrarian view is that stocks were oversold after the bloodbath of the past four weeks, and there's some easy hay to be made running stocks up a bit ahead of the Federal Reserve chairman's speech on Friday.

Capital Economics on Tuesday was one of the many voices this week talking about the diminishing returns to be expected if the central bank embarks on more fiscal stimulus. Yahoo

We are going to need a financial tax to pay for all the bailouts.