It's nice to see the market bounce off 12 year lows. Is it a dead cat bounce? I think so, the market was very oversold. I don't think the market bounced on Bernanke.Read the post 2 doors down.-Lou
Stocks jump after Bernanke says recession may end
NEW YORK (AP) -- Federal Reserve Chairman Ben Bernanke has given Wall Street a double dose of reassurance. Now it's President Barack Obama's turn. Bernanke told Congress on Tuesday the recession might end this year, and that regulators aren't planning to nationalize banks.
The news alleviated some of investors' worries about the economy and the banking industry, and lifted the Dow Jones industrial average and Standard & Poor's 500 index off their lowest levels since 1997.
Read Article Here:
http://finance.yahoo.com/news/Bernanke-Recession-may-end-in-apf-14453719.html;_ylt=AgjuUNuWQ0iepSbbRWQytN27YWsA
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