Bernanke Scares Pavlov's Sheep

In Pavlov’s research, he discovered that if he gave the sheep a mild electric shock, it would bother them very little and their life would go on pretty much as if nothing had happened as long as the shocks were random. Warning the sheep in advance of a shock by ringing a bell, however, affected their behavior and it changed radically. The sheep were just smart enough to realize that if they heard the bell, the shock was coming. After repeating this exercise a few times, the poor sheep lost control of bodily functions and after a few more warning bells, they started dying of heart attacks.

What Ben Bernanke and the Federal Reserve Governors should know, and are likely to find out the hard way, is that markets driven by speculation will react just like Pavlov’s sheep...

Source: http://www.freemarketnews.com/Analysis/101/5294/2006-06-13.asp?wid=101&nid=5294