Seeking Alpha

larryrussell

larryrussell
Send Message
View as an RSS Feed
Latest  |  Highest rated
  • Stocks had already shed their Bernanke-testimony gains from this morning and they head even lower following the release of the FOMC minutes showing a "number" willing to begin tapering QE as soon as the next policy meeting. S&P 500 (SPY -0.4%), Nasdaq 100 (QQQ -0.6%). The dollar (UUP +0.4%) moves to a new session-high, and Treasurys (TLT -1.3%) continue to sell off. [View news story]
    Why would Bernanke's testimony and answers tend to contradict the minutes that were scheduled to come out shortly after his appearance? I doubt he was unaware of the contradiction; so why did he do that?
    May 22 06:18 PM | Likes Like |Link to Comment
COMMENTS STATS
1 Comment
0 Likes