Ben Bernanke's act may be the "jump the shark" moment for the Federal Reserve. Wikipedia discusses the term: Jumping the shark is an idiom used to denote the point in a television program's history where the plot spins off into absurd storylines or unlikely characterizations. These changes were often the result of efforts to revive interest in a show whose audience had begun to decline.[...]Jon Hein explained the concept as follows: "It's a moment. A defining moment when you know that your favorite television program has reached its peak. That instant that you know from now on...it's all downhill. Some call it the climax. We call it 'Jumping the Shark.' From that moment on, the program will simply never be the same." Barry Ritholtz comments on the QE2 reaction, including a negative opinion from a Fed member:  The FOMC decision to buy more Treasuries has elicited responses unlike the Fed has ever seen I believe, from not only in defense of...(Read Full Post)