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Thursday, December 24 2009  |  07:54 EDT  | 
DJIA (DIA) S&P 500 (SPY)

Market Currents

Monday, December 1, 2008
4:05 PM TweetThis
  • Apparently Bernanke and Paulson failed to give markets much reason for optimism, in what turns out to be a dreary first trading day of December. Dow -7.71% to 8,148.37. S&P -8.93% to 816.20. Nasdaq -8.95% to 1,398.07.

This news story has 4 comments:

  •  
    Rational investors cannot gain confidence when every day they get news of further distortions to the market economy, with additional diversion of massive resources from the productive sectors to the mismanaged and bloated financial sector.
    2008 Dec 01 04:15 PM | Link | Reply
  •  
    These comments by Paulson and Bernenke seem to be by design. All they are doing is signaling to their buddies in the financial arena, with their billions of $$ and our tax money, to start "shorting" the stock. It never seems to fail that they start this after a good run up on the market, just to bring it back down.

    If they feel they need to open their mouths, choose the words carefully and do it after the markets close.
    2008 Dec 01 04:29 PM | Link | Reply
  •  
    As the wise old axiom says, better to keep your mouth shut and let people think your a fool that to open your mouth and remove all doubt.
    2008 Dec 01 06:49 PM | Link | Reply
  •  
    My thoughts exactly! It seems every time Paulson or Bernanke speak, with the exception of maybe 1 or 2 times, the markets take a dive. You could have gone short just before they spoke each time and made a killing!
    2008 Dec 01 09:30 PM | Link | Reply
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