Thursday, September 08, 2011

Ben Bernanke Minneapolis Speech Crashes Markets

Way to go Ben. The little visit from the Federal Chairman Ben Bernanke dropped markets late Thursday, following his speech in front of 800 Minnesota business executives at The Economic Club of Minnesota. If you know anything about the Minnesota Business community, this could have been the most important and influential crowd of his career. Ben said nothing to inspire them. A Forex Trading website said "The Dow dropped 119.05 points to close at 11295.81 while the S&P500 index ended down 12.72 points to finish the session at 1185.90. The market was relatively calm until Bernanke's speech where he gave no additional insight into the central bank's plans to support the economy which he will outlay at the FOMC meeting on September 22".

No comments: