Friday, August 26, 2011

Market unimpressed by Bernanke's comments...

A transcript of Bernanke's intended remarks was just released.  There is no mention of QE3.  The market initially sold off 200 points on the release. 

This was no surprise folks.  In fact this is good news.  We don't need more Fed manipulation of the economy.

Let's see what happens this afternoon.

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