Fed Chairman Bernanke has done a fantastic job championing the Goldilocks economy and his past appearances have gone a long way to extend the bull run. Today, he has another chance to come to the rescue and the timing could not be better for the bulls. It isn’t guaranteed that we will head higher on his words, but it’s a good bet.   The Dems have been waiting for the opportunity to bad mouth the markets and the economy so this should be political grandstanding at its finest worst.  I am looking forward to hearing how far he is willing to go when he inevitably will have to discuss Alan Greenspan’s recent comments about a recession. Whenever his past testimony has been interrupted by a reference to the “maestro”, he seemed really uncomfortable but respectful. Today will not be so easy to avoid criticizing Greenspan so he’s likely to take some high road respecting his predecessor but arguing his own case. That’s what he’s supposed to do and I expect the market to respond favorably to it.