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June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said that interest rates are ``well positioned'' to promote growth and stable prices, and that policy makers are ``attentive'' to the impact of the falling dollar... The second quarter is ``likely to be relatively weak,'' Bernanke said, leaving out his mention in the April speech of a possible contraction. The second half may have ``somewhat better economic conditions,'' and growth may pick up further in 2009, he said.
Bring out a Fed when things get rough. Dollar moves up, gold and oil drop. The seesaw between bonds and equities continues. We have factory orders at 10.
QQQQ weekly pivot is at 49.50. NQ has 5 dma resistance at 2018. Financials are up, but semis are down.
Retailers are down on same store sales data.
June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said that interest rates are ``well positioned'' to promote growth and stable prices, and that policy makers are ``attentive'' to the impact of the falling dollar... The second quarter is ``likely to be relatively weak,'' Bernanke said, leaving out his mention in the April speech of a possible contraction. The second half may have ``somewhat better economic conditions,'' and growth may pick up further in 2009, he said.
Bring out a Fed when things get rough. Dollar moves up, gold and oil drop. The seesaw between bonds and equities continues. We have factory orders at 10.
QQQQ weekly pivot is at 49.50. NQ has 5 dma resistance at 2018. Financials are up, but semis are down.
Retailers are down on same store sales data.
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on Tuesday, June 03, 2008 at 6/03/2008 09:33:00 AM.
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