Chairman Bernanke
Stocks were up again today. The world is happy, and the birds are singing.
Bond interest rates fell again today – great.
The Dollar stood still, but at a very low rate of exchange – who knows? Who cares? Gold moved sideways too.
Oil and gasoline progressed on increasing their prices – who cares if it costs us more money???
In the news today…..
Bernanke – said today that the FED could easily accommodate the new regulatory role proposed by Secretary Geithner. Also, the Trillions that the FED has placed out in the financial industry can “easily” be pulled back to stop any inflation after the economy has gained a solid footing. And, this is a long way off…… Said chairman Bernanke.
Here are the last numbers for today:
Dow Jones 30 Industrial – 8916 (up 68 points)
10 Year Treasury Bond – 3.48% (down 0.11%)
Euro – $1.4214
Gold – $947 (down $2)
Oil – $64.72 (up $0.74)
Gasoline $1.81 (up $0.02)
