From Reuters UK: If
that was the message Ben Bernanke was trying to deliver when he said the
Federal Reserve could soon start scaling back its massive stimulus program for
the U.S. economy, it's safe to say investors received it loud and clear. In fact, the sell-off in stocks, bonds and
commodities that rippled around the globe after Bernanke's remarks looks to
some like the dawn of a new period of volatile, disorderly trade - a stark
change from the calm that prevailed since the Fed began its most recent
bond-buying program last autumn.
"When market regimes shift, they rarely do so in an
orderly fashion - look at equity prices collapsing at the end of the dot-com
bubble or the height of the financial crisis," said Stephen Sachs, head of
capital markets at exchange-traded fund issuer ProShares in Bethesda , Maryland
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