Discussion in 'Trading' started by krazykarl, May 1, 2006.
at 3:20 est.
Seems to be stabilizing so I doubt it was anything much.
was weird though - quick 60pt dump on dow. just chop?
vix spiked - that wasn't chop....
not only Dow but GC, currencies and bonds.
For a minute there, I thought Bush had ceded the Presidency to Vicente Fox!!
hmmm>>>>>>>>>Any coincidence that Moskow was speaking?
15:18 CNBC reports that Bernanke said media misunderstood his remarks last week
15:25 Follow up on Bernanke comments
CNBC commentator says Bernanke told her over the weekend that the media and markets basically got it wrong last week in speculating that the Fed is done raising interest rates. He said it is worrisome to him that anyone would think of him as dovish. He said that he and FOMC members were trying to creat some flexibility for the Fed reserve, and that the Fed may pause but the data will dictate whether more rate hikes will take place. (Also see 15:18 comment)
Money Honey Maria gets credit!
She reported, Bernanke said "the market got me wrong last week." IR spike, indexes followed.
But who cares... see it, trade it!
probably the bird flu rumor on drudge
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