“And riding to the rescue today was none other than Fed Chairman Bernanke, who said in his Congressional testimony that ‘the possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might re-emerge, implying a need for additional policy support.’ This is all that an already higher market needed to make today a ‘Turnaround Wednesday’ instead of the usual Tuesday rally…” 

Click here to read 7-13-11 Daily market notes