Mar 20 - Reuters Columnist James Saft says he's more worried about the impact of Cyprus on markets than Fed Chair Ben Bernanke who said he doesn't it being a major risk to the U.S. economy.
-- columnist James. There were some. Quite interesting moments in Ben Bernanke's press conference today. Which he -- after the Fed announced that it is carrying on on purchasing program and straight. Lifetime low levels. Our first thought Bernanke when asked whether or not there was room for a rally in the stock market. Make some un usual comments essentially saying he was comfortable with yet rallied. There were some distance from reaching highs and you adjust -- -- shouldn't grow. This is really pretty unusual. War literature chairman and war noting that EU is not at all worried about where are now. Is well he said -- done all mortgages true party yeah. And yeah this has got to -- river army has as will sport and banking regulator essentially is telling banks. Were. All we also had one -- great moment when warriors owner -- Ask him whether or not. There were concerns over crisis and cypress any international in I have now -- remember it well. Records. -- financial conditions in its statement. And some of us -- a real not problems. Well and he is not worried -- a little bit he said. They -- in Cyprus for the bailout failed. It is doesn't see enormous. Impact. Cyprus in essence he's -- words that we -- war now. Think about this is -- is saying the markets on the back of the they'll both. Know accounted -- What do we know from history we know that and that -- -- four hours or Federal Reserve meetings -- announcements. -- -- According to your critics. Since 1990 or 80% of all the excess return in the US stock market is from the Sunni -- where we -- Over. On AM. Perhaps a little bit more worried about -- and mr. Bernanke and I'm giving him a little bit more credit or start feeling and raw and.