Jim Kramer Says the Resignation of Ben Bernake is Worth 1,500 Points.

by Ryan on January 8, 2008

That’s a quote straight from Mr. Jim Kramer and I have to agree with him again. If Federal Reserve Chairman Ben Bernake would suddenly resign right now, we would see a nice boost; however, from what I can completely and blindly comment on from my immediate surroundings, there are fundamental real estate and consumer spending issues that could take many months to a year to shake out, and that’s why I think a high of 14,100 may be hard to take out by the end of 2009, though I wouldn’t mind seeing it happen.

UPDATE:  The market crashed and burned in 2008.  14,000 seems a long ways away in 2009.