im selling everything right before Bernecke's speech

spino1i · #1 08-31-2007, 04:49 AM

Bernecke is going to ultimately dissapoint the market, and I feel like its almost going to gaurantee the market is going to have a down day tomorrow, at least for the first hour after Bernecke's speech. I think a plan of selling right before his speech and buying right back after is smart. I cant imagine the speech will cause the markets to go up, but I can certainly imagine many ways it will cause the markets to go down..

Thoughts?

PRE · #2 08-31-2007, 07:39 AM

Who the hell is Bernecke?

kimchi · #3 08-31-2007, 08:36 AM

[ QUOTE ]
I feel like its almost going to gaurantee the market is going to have a down day tomorrow

[/ QUOTE ]

Feelings during trading are generally -EV.

What's your reasoning for a down day?

Fishhead24 · #4 08-31-2007, 09:00 AM

[ QUOTE ]
Who the hell is Bernecke?

[/ QUOTE ]

MLB commissioner

technologic · #5 08-31-2007, 09:21 AM

bud selig?

Fishhead24 · #6 08-31-2007, 09:23 AM

[ QUOTE ]
bud selig?

[/ QUOTE ]

Believe he is the Fed Chairman.

nineinchal · #7 08-31-2007, 09:35 AM

[ QUOTE ]
Who the hell is Bernecke?

[/ QUOTE ]

Bernecke is the gay Senator from Idaho who got caught playing hide the sausage in the airport men's room stall.

CrushinFelt · #8 08-31-2007, 10:02 AM

I agree taht his wording will likely be very, very tame. I think if he does cut rates (I think it's still more likely than not) in September that it won't actually do a ton to the market.

#9 08-31-2007, 10:50 AM

d0nkaments · #10 08-31-2007, 11:55 AM

Stocks rise after Bush, Bernanke speak By TIM PARADIS, AP Business Writer
8 minutes ago

NEW YORK - Stocks ran up big gains Friday as investors took comments from President Bush and Federal Reserve Chairman Ben Bernanke as reassuring signs Wall Street wouldn't be left to deal with problems in the mortgage and credit markest on its own.