Fire the fed dude....he is obtuse, and dangerous.
Not really that bad. The negativity from the press only makes it sound worse than it really is.
Bear markets are when money is returned to its rightful owners.
I think the market is trying to find a place to start a summer rally from.
Greenspan was watching the stock market and fearful of "Irrational Exuberance." Decision: increase interest rates.
Now Bernanke is watching oil and gold prices like a commodities trader and continuing to raise the discount rate as well.
Good trading opportunity. Yet, U.S. macroeconomics may suffer next year from this more than interesting monetary policy. The focus should be on the money supply, not interest rates.
Emotion is a contrarian indicator.
An ugly two days for sure. I am so far not impressed with the new Fed Head!He is worried about inflation? He keeps this up he won't have to worry, we will be heading towards a recession.
This is getting ridiculous. I wish Bernanke would just do his job and keep his mouth shut about rate hikes. This guy needs to keep of CNBC. I guess he hasn't learned yet that what he says on talk shows negatively impacts those of us with stock investments. Of course the MSM will make the most of the Dow dipping below 11,000, even as they ignored the big run up last month and in April.
Gotta love the unconstitutional and corrupt Federal Reserve. I keep hearing folks gripe that oil prices are going to ruin the US economy...
Hey folks, how about the Federal Reserve? 100% of the perceived inflation in the last year is based on fuel prices - a factor that the Fed has no control over and the government's continual printing of money. But instead of letting well enough alone, they have chosen to continue to raise rates.
And this coming from someone who has sworn off credit other than for automobile and home (no revolving debt).
The good news - your debts will be easier to pay off with devalued dollars.
BUMP