Chairman of the Board Ben Bernanke’s concerns expressed in Washington on Wednesday rocked investors’ nerves helping to send equity indices plunging and bond yields lunging. His warning that it might take “a significant amount of time” to restore the 8.5 million jobs lost throughout 2008 and 2009 were reinforced today by an unexpected uptick in a reading of firings. But beneath the surface the labor news isn’t as bleak as bears need to sink confidence and proving the patchy nature of the recovery is a slew of corporate earnings demanding of the Chairman, “what slowdown?”
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