Trade Diary
So what did you make of the “The Bernanke & Geithner Show”. From my point of view it was a little under whelming and they portrayed themselves badly. Tim Geithner did come across a little better towards the end but still the confidence wasn’t there. As for big Ben Bernanke he seemed, stressed (which I understand), unprepared, nervous and jittery. His answers weren’t confident and he lacked conviction.
For these and many more obvious reasons like the lack of detail the markets roundly sold off. The DOW ended -380 down just off the lows of the session while the NASDAQ ended down -66 points. Generally I think there is agreement that this show gets the thumbs down. It will be interesting to see do the markets perk back up or continue down tomorrow.
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