Will we do a Bernanke?

The situation remembers me to the situation in August …

Market in FREEFALL as visibility lacks … this time again … Bernanke tells congress, that up to 50%(!) of housing value could be destroyed … he thinks, that we will see weak housing and weak equity markets. As a add-on we get Philly Fed very LOW. And market reacts …

Tomorrow is OPTIONS EXPIRATION … as we had in August … and what did Bernanke do???

HE LOWERED RATES!!!

Will that happen as well tomorrow???

Will he try to burn the BEARS again???

He was literally on his knees to get support from Congress to save the US economy, even FOOD STAMPS were thinkable … and to show the CLASS OF U.S. Politicians, he was referred to as the EX CEO of Goldman Sachs … OMG … and as he denied, the woman said … oh, ok then you are THE OTHER ONE … *LOL*

Be aware of Helicopter BEN … the man who has lost control and the one unknown to the Congress … LEt’s pray for the USA …

Tags: Bernanke, expiration, FED, Goldman, rates

This entry was posted on Donnerstag, Januar 17th, 2008 at 22:12 and is filed under FDAX. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.