Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Stocks give up sizable early gains following Bernanke's dovish testimony, with the S&P and...

  • Tuesday, February 26, 11:14 AM ET
    Stocks give up sizable early gains following Bernanke's dovish testimony, with the S&P and Nasdaq now in the red. Hurting is Europe sliding back to session lows after an attempted late-day bounce. Stoxx 50 -2.6%, led by Italy -4.4%. Performing best across the pond is the U.K., -1.2%. The euro is flat at $1.3065.
Track new comments on this story

This news story has 7 comments:

  • Bernanke's testimony not a surprise. His alignment with the current administration, as evidenced by his outspoken liberal wife, Andrea Mitchell, assures any step will be taken to prop up the markets. Sadly, this short term manipulation may cause serious damage long term. As predicted, BB has avoided answering how or when this unrestrained QE will be retracted. Ongoing QE is not a sustainable course, yet such is the current policy. Much like deficit spending.
    26 Feb, 11:50 AM Reply Like
  • Naming Andrea Mitchell as "evidence" of Bernake's actions only serves to undoubtedly highlight your won personal bias, as Mitchell is not married to Bernake.

    You are entitled to your own opinions, naturally, and these could prove to be right or wrong, but one would hope that your position is the product of objective reasoning and not of a biased political view, which is useless as an investment tool.
    26 Feb, 12:04 PM Reply Like
  • You are correct and I apologize. I have allowed my frustration to overwhelm rational thought.
    26 Feb, 12:42 PM Reply Like
  • Politically biased drivel.
    26 Feb, 02:26 PM Reply Like
  • No need to apologize, we all make mistakes from time to time. I congratulate you for having the courage to recognize this and state so here. Most people wouldn't, but those who do are the ones who can then go on and profit from the marketplace unburdened by preconceived biases.
    26 Feb, 07:13 PM Reply Like
  • Andrea Mitchell is married to Greenspan.
    26 Feb, 11:57 AM Reply Like
  • Time warp Calades, does your opinion have any credibility now that you are stuck in a Greenspan dream?
    26 Feb, 02:23 PM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)