The market was getting a bounce at the open, but two events hit it and caused it to quickly go back into the red.The first was the Philly Fed survey, which hit its lowest number since October 2001. That’s a pretty weak reading, related to manufacturing.The other factor was that Bernanke began his speech. I have commented on my dislike for this Chairman, and the fact that the market seems to go down nearly every time he opens his mouth tells me I’m not the only one that feels this way.He didn’t really say anything new, othe[...]
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[Source: The Money Blogs]
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