Wow! What a day to trade. The Dow futures have now relinquished all their gains for the entire day and are in the red for the moment. This has occurred in reaction to Fed Chairman Bernanke's speech this afternoon at Harvard University. I have noticed that the stock markets usually do not reaction very positively to the Fed Chairman's speeches. The S&P 500 also have give up its gains. However, the NASDAQ and S&P Mid-Cap futures are still in the black for the day.Wednesday, June 4, 2008
Dow Plunges Back to Negative Territory
Wow! What a day to trade. The Dow futures have now relinquished all their gains for the entire day and are in the red for the moment. This has occurred in reaction to Fed Chairman Bernanke's speech this afternoon at Harvard University. I have noticed that the stock markets usually do not reaction very positively to the Fed Chairman's speeches. The S&P 500 also have give up its gains. However, the NASDAQ and S&P Mid-Cap futures are still in the black for the day.
