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alien-IQ

08/24/09 9:33 PM

#191041 RE: -blklabs- #191040

I wouldn't go betting the farm on that one just yet.
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STRONGUS

08/24/09 10:53 PM

#191055 RE: -blklabs- #191040

Bernanke reappointment is a bad news for longs. There are 3 reasons I can think of right now.

#1) Fed won't have to prop up the markets artificially any more

#2) Last bullet is fired already. No more ammunition left. Obama used his last lifeline with this news.

#3) Rates might start to go up as Bernanke needs to start worrying about how he is going to manage the next 4 years.

Just a contraian perspective:-) GL every one!