Quote from S2007S:
right now the dow is up a point and the nasdaq down 10
this could be the best buying opportunity ahead of the 2:15pm statement!!!!
:eek:
Don't count on it this time.
Bernanke is not going to goose the markets here.
He wants reality to settle in, reality being the U.S. still needs to attract buyers of its debt, and only by keeping a tightening bias can that be possible.
Watch for a wild afternoon.
If sellers ever needed an excuse to sell, and book profits, it will be today and the rest of this week and month.
They won't say the economy is bad. They'll say growth is moderate. Everyone knows that growth is really sliding here. But it doesn't matter.
