Posted by Marcelo Perez

Markets staged a rebound today, after Federal Reserve Chairman Ben Bernanke, in his semiannual Monetary Policy report, predicted an end to the recession no later than this year and dubbed 2010 as the “year of recovery”:

Bernanke also stated that the government’s top priority is restoring financial stability to the system. Most financials were up sharply as a result:

Bank of America (BAC) was one of the big winners, following news that the largest U.S. bank does not need more federal aid and is in better shape than most of its rivals.