The game is not over yet# Stock
f*y
1 楼
Tomorrow 10:00 am ben's talk will draw another move, good or bad..
Fed Chairman Ben Bernanke dealt markets a surprise Wednesday when his
comments during the first of two days of Congressional testimony suggested
that another round of easing may not necessarily be in store. He helped send
stocks lower, the dollar higher and precious metals to their worst day in
more than two months.
Traders said it was more about what Bernanke didn’t say than what he did
say. “It was different because I think what we saw was Bernanke questioning
the appropriateness of more aggressive easing through QE3,” said Zane
Brown, fixed income strategist at Lord Abbett. “The fact it was noticeably
absent in his testimony, I think indicates a change in thinking.”
Brown said it will be important to see if Bernanke raises quantitative
easing in Thursday’s 10 a.m. testimony before the Senate Banking committee
, and how he might answer questions related to it. The Fed had been expected
by many market participants to embark on a third round of quantitative
easing.
Fed Chairman Ben Bernanke dealt markets a surprise Wednesday when his
comments during the first of two days of Congressional testimony suggested
that another round of easing may not necessarily be in store. He helped send
stocks lower, the dollar higher and precious metals to their worst day in
more than two months.
Traders said it was more about what Bernanke didn’t say than what he did
say. “It was different because I think what we saw was Bernanke questioning
the appropriateness of more aggressive easing through QE3,” said Zane
Brown, fixed income strategist at Lord Abbett. “The fact it was noticeably
absent in his testimony, I think indicates a change in thinking.”
Brown said it will be important to see if Bernanke raises quantitative
easing in Thursday’s 10 a.m. testimony before the Senate Banking committee
, and how he might answer questions related to it. The Fed had been expected
by many market participants to embark on a third round of quantitative
easing.
