Replies to post #12576 on Iraqi Dinar Discussion Board (IQD)

[Aerospace]

Bernanke... I posted this yesterday
http://www.imf.org/external/np/tr/2008/tr011608.htm
I will summarize.
Bernanke believes the Fed. Res. played in a big part in the great depression by tightening the money supply and has stated that the Fed will not make the same mistake again.
In other words… dollars for everyone!!
Invest appropriately.

[AUdad]

Toronto huh.. Could you slip down to Wellington St. and asked the folks at The Fight Network if they gave the share holders of BKMP the shaft? LOL!

[B o b]

Vozmil.............
The markets hit our targets and bounced strongly at first, with the Nasdaq rising 58 points or 2.5%, then weakened towards the end of the day. But today, Bernanke has shown a surprising insensitivity to the fear among investors by showing less conviction for strong rate cuts than he did last week, when he had pledged to step up to mitigate the downward economic pressures. We are a bit astounded that he couldn't deliver a more supportive message to the markets, which are very confused. At this point it could go either way, turning up here or taking another step down.
The next very strong and final support targets below here are 11,940 - 12,050 on the Dow and 2,330 - 2,340 on the Nasdaq, at the March 2007 lows. The S&P 500 has already tested its March lows at 1,365. If there is further weakness, look for buy opportunities in these ranges. But for investors who have already bought in, it's better to hold as this again could go either way near term.

[B o b]

I believe Mr. Bernanke to be a puppet on a string which will hrt his credablity in my mind, we believe a recession to say the least!