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Stocks are back to flat as Fed chief Bernanke's speech begins. He acknowledges the economic...

Stocks are back to flat as Fed chief Bernanke's speech begins. He acknowledges the economic slowdown and says accommodative policies are still necessary. He's also worried about sharp fiscal consolidation given the weakened state of the economy. Full text here.
Comments (2)
  • Stone Fox Capital
    , contributor
    Comments (6724) | Send Message
     
    Nothing new. Basically a non event. The market is off its rockers to focus this much on his speeches.
    7 Jun 2011, 04:06 PM Reply Like
  • nobby73
    , contributor
    Comments (1177) | Send Message
     
    No, the market is still desperately hoping they are going to continue with QE.

     

    Interestingly, despite the move in stocks, Euro hasn't budged. I don't know who this will worry more - Bernanke or Trichet..
    7 Jun 2011, 04:16 PM Reply Like
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