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Re: bayarea post# 5729

Sunday, 01/24/2010 2:49:19 PM

Sunday, January 24, 2010 2:49:19 PM

Post# of 15766
I must agree. I am pretty sure the nose dive last 2 days was fear that Washington was about to can Bernanke in a political move to go after votes. I think some senators saw the market crashing last 2 days on rumors they would replace him and then suddenly had second thoughts. If they had continued the attack next week on Bernanke, you would have seen 1000 (and then 900) on SPX disappear in a puff of smoke. Perhaps Washington learned something last time they decided to muck with Wall Street and crashed it 900 points on the DOW in one day.

Bernanke is possibly the sole reason we are not already in great depression II.