US Stocks [.SPX  1307.10    3.07  (+0.24%)   ] tumbled on Thursday as investors grappled with growing chatter that suggested the rally may be exhausted. 

For example, chart watchers are telling us they're concerned about the recent negative divergence between the S&P 500 and the Dow against the Dow Transports.

And investors who watch fundamentals aren't any more optimistic. Although, new data showed the services sector grew at its fastest pace in 5 years, stocks still couldn't rally. 

However, the bulls may have a friend in Ben Bernanke. In a prepared speech the Chairman made several comments that could be bullish. 

According to the Fast desk and CNBC's Steve Liesman here are the important takeaway points for traders and investors:

- Bernanke feels the recovery has strengthened and he sees increased evidence of a self-sustaining turnaround in business and consumer spending.

- Bernanke says growth isnot fast enough for significant improvement in jobs; that it will take several years to reduce employment to more normal levels.

- He also cites the real estate market saying the overhang of foreclosed homes weighs heavily on home construction.

But the big takeaway probably follows. Bernanke believes that overall inflation remains quite low and expects it will stay that way for quite some time.

Steve Grasso takes the comments to mean there will be no change to Fed's QE2 policy. He's a buyer of the market. "When the worst of the rioting in Egypt broke, the market held at 1275," he reminds. As far as Grasso is concerned, "The market has shown us the downside is limited."

Meanwhile, Steve Cortes is a buyer of Treasurys [US10YT=XX  3.5628    0.0158 (+0.45%)   ], largely because of no 'credible threat of real inflation.'