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05-23-2006, 01:27 PM
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#1 |
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valued contributor
Join Date: Mar 2006
Location: Eagle River, Alaska
Posts: 214
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Todays Scapegoat
Well well well the market is in the green as it should be. Anyone check out the butt chewing Bernanke got. What an idiot. He may get fired if he cant keep his mouth shut. Commodoties are up thank goodness. Congress and the Pres once again divert attention to another goat when they all have dirty hands in last weeks plunge. Ok Bernanke lets feed you to the sharks now!!!!
__________________ Golden Rule: Pay yourself first 
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05-23-2006, 01:29 PM
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#2 | |
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forum leader
weekly challenge winner 4x
Join Date: Dec 2005
Posts: 3,250
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Re: Todays Scapegoat
Quote:
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05-23-2006, 01:33 PM
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#3 |
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valued contributor
Join Date: Mar 2006
Location: Eagle River, Alaska
Posts: 214
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Re: Todays Scapegoat
Read the article in Yahoo Finance. Its a good one.
 Once you read it you will feel the same way I do.
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05-23-2006, 05:17 PM
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#4 |
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valued contributor
Join Date: Mar 2006
Location: Eagle River, Alaska
Posts: 214
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Re: Todays Scapegoat
Might as well print and frame this article. http://biz.yahoo.com/ap/060523/bernanke.html?.v=2
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05-23-2006, 05:42 PM
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#5 |
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forum leader
Join Date: Aug 2005
Location: Orange County, CA
Posts: 1,801
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Re: Todays Scapegoat
Interesting. Hedgies made some money today.
__________________ "Face your deficiencies and acknowledge them. But do not let them master you." Helen Keller "The man who can drive himself further once the effort gets painful is the man who will win." Roger Bannister My online trading Journal: http://stockmarketaddict.blogspot.com |
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05-23-2006, 11:01 PM
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#6 |
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forum leader
weekly challenge winner 4x
Join Date: Dec 2005
Posts: 3,250
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Re: Todays Scapegoat
The article said the market plunged on the 1st of May after Bernanke renigged his comments previously aired on the 29th of April. The market didn't sh!t util the FOMC raised rates on the 10th. The thesis that Bernanke's comments made this market tank are non sequitur. If you want a more plausible reason for the market taking a dive read this: http://articles.moneycentral.msn.com...eUSmarket.aspx
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05-23-2006, 11:31 PM
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#7 |
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valued contributor
dec/07 simulation winner
weekly challenge winner 7x august/06 simulation winner 
Join Date: May 2006
Location: Central Coast, Cali
Posts: 486
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Re: Todays Scapegoat
Bernanke should have never spoke to the reporter but those remarks alone did not cause the slide of the market. I agree that what he says can have a great effect on the market but really the slide didnt happen until almost two weeks later.
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