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Stocks fall after remarks by Fed Reserve chairman

jujuman13

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This Just In - CNN.com Blogs

Quote(Stocks tumbled Wednesday after Federal Reserve Chairman Ben Bernanke told Congress that the outlook for the economy is "unusually uncertain," adding to worries about the pace of the recovery.)

Does anyone know why men such as Bernanke make statements such as the above without realizing the effect these statements will have on the Stock market.

Are they willfully and deliberately trying to destabilize the US economy?
 

MaggieD

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Following the testimony, the Dow Jones Industrial Average tumbled 90 points, or 0.9%, to 10140. The Standard & Poor's 500-stock index fell 1% to 1073 and the Nasdaq Composite dropped 1% to 2199.
US Stocks Tumble Following Bernanke Testimony; DJIA Off 90 - MarketWatch

Personally, I'd hardly call 90 points a tumble. The way the press covers the stock market is surely one part of the problem. The Fed Chairman is the guru. Everything he says is weighed, parsed, turned inside out and dissected. From what I read in the link I've got here, he mentioned inflation control will be necessary some time in the future. I think that's more of a concern to the stock market than anything.

He's required to report to Congress. Surely he can't paint a false rosey picture. Anyone who's really looking at the signs and signals knows we're not out of the woods by a longshot. I can't really fault him...
 

jujuman13

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Quote(He's required to report to Congress. Surely he can't paint a false rosey picture.)

Why ever not, every other person in Obamadreamland does, so why not him?

Quote(Anyone who's really looking at the signs and signals knows we're not out of the woods by a longshot.)

That would be those who look at the predicament confronting America with eyes wide open!
 

justabubba

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it would seem the OP seeks to find cause to blame the messenger who offers an unfortunate message
 
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