Bernanke is speaking

Guess equities and US dollar tank further. His track record is pretty darn good at doing that.

 

Bernanke-More house price drops, loan woes likely

What can I say... that man has the magic touch.

 

When Bernanke speaks:
http://bp2.blogger.com/_r_4bas-lh0U/R81ibWm-kFI/AAAAAAAABD8/Sxwk8wWbo2E/s1600-h/bernanke.PNG

 

"One of the suggestions Bernanke made was for mortgage and other financial companies to reduce the amount of the loan to provide relief to a struggling owner. "Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure," Bernanke said."

ROOFLES. I called it - next step I thought was for the Fed to suggest free homes for everybody.

 

i think dow will break 12000 today...

metals, fin, oil tech, transport everything is down...

 

You could be right. Bernanke has put this market into a tailspin. I keep thinking though that we will get some sort of b.s. Gasparino type rumor this afternoon to roast the late sellers. I wouldn't be a seller today of 12,000.

 

I think if Gasparino comes out at 3:30 again with another rumour... someone will lynch the guy.

 

Wow, we called this one I must say. Almost to the minute. Gasparino is the anti-Bernanke. Amazing!

 

As long as we don't hear anything whatsoever from Bernanke today we should have a better shot at the upside. Please Ben, don't say anything else about your crazy socialist mortgage forgiveness ideas. This is America not USSR. That is all.

 

Little bit off the topic... I am looking for a schedule of Bernanke's announced public appearances, but can't find one. Anyone out there knows where to find them?

Thanks