Bernanke to speak at 10am Eastern. Effect on DOW/Market?

[rockjoa]

States that they may not spend all the 700bill.

 

[Sarge]

Missed that. Then why would he be talking about Congress lending more money to Freddie and Fannie. I thought that was the point of the package.

I guess he wants to keep the spare billions and get us to fork up more.

 

[angelatc]

Bernanke states again we will make profits off our investments. That has to be one of the biggest lies of the decade.

If an investment broker said that he would be sued into nonexistance, both by his clients and the SEC.

 

[tropicangela]

He suggested stimulus.

 

[rockjoa]

Yeah free money!!!! Being a college student that worked during the same year I got double screwed by the last stimulus, I worked enough but didn't get it because I was claimed as a dependent, Also my parents didn't get a dime. I also have to help pay back that blunder.

 

[rockjoa]

The lady on is awesome! who is she? she had lots of energy

 

[rockjoa]

dow down to +40

 

[rockjoa]

its over, more of the same

 

[jave27]

That's perfect. Leave the $700 billion sitting there pre-approved, and convince the politicians to give him more tax dollars to further bail out FNMA/FHLMC. This guy will either go down in history as the country's worst Fed chairman, or the country's best con-man.

 

[Sarge]

Paulson coming on TV next. He should be able to drive the Dow the rest of the way negative.