Market Update: Bernanke Rally or Dead Cat Bounce??

DOW up 245 now to 7360..CNBC: Tony Crescenzi, Chief Bond Strategist of Miller Tabak thinks it is Bernanke’s leadership and testimony indicating he believes the banks will not fail post stress test as they will get capital they need and recover…thanks to GOP Sen Bob Corker Tenn for asking the questions!!!

Analysts torn between technical correction/dead cat bounce and the idea of Bernanke’s words of wisdom..

Trade em while you can…Cramer said sell at 10,000 and he is still down on the markets..(and so are we at MiM)

Bernanke predicted little inflation for the foreseeable future so GOLD is down (MiM is buying it on the dip :0))

February 24, 2009. Tags: , , , , , , . Economy, Finance, Politics, Uncategorized, Wall St. Comments off.

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