Go Home, Wall Street -- You're Drunk

Drunk on Bernanke Bucks, that is:

U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic improvement.

Stocks went up because investors think Bernanke is going to keep giving them hits of the good stuff.

I old enough — just old enough — to remember when investors looked at things like profit and loses, instead of trying to read the tea leaves stuck in the Fed chairman’s beard.