Bernanke Speaks 1:45 Eastern Time!!

As expected Bernanke did not address the economy or economic policy. No Q&A session expected

 

no comments on econ and interest rates

 

that's it? he has finished speaking?

 

Does this mean..........................


































100% UP ROOM TO GO!!

 

market did start turning higher....

 

No, bluestreak interprets this as: Bernanke didn't comment on anything because the information he has is so terrible that it could cause a collapse to the world financial system, so he will slowly dribble out the bad news over time and the markets will sell off to below August levels by next week.

 

market stuck at 12400

 

Non event.....

 

No effect.

 

Of significance: Small Caps getting crushed....down nearly 2%.
(I know, I know...that's not much, but with the low-vix environment, it's not bad !)