After seeing stocks rally overnight, the stock index futures began to decline as Chairman Bernanke began his testimony before Congress. Just moments ago, the stock index futures turned negative for the day. And to think that I thought we might see a rally soon!Mr. Bernanke is taking a great deal of heat from an irate Senate. I hope they have a good air conditioning system. He is clearly uncomfortable, and his fidgety responses and evasive speech clearly shows that discomfort. I also couldn't help but notice that stocks really started to accelerate downward as the interplay between Chairman Bernanke and the Senators became increasingly strident and Mr. Bernanke increased his unwillingness to provide clear and nonevasive answers. It only fuels the fire of worry in the financial markets when this occurs.
