Last Friday, several key senators began to elevate pressure on Fed Chairman Ben Bernanke. The stock market reacted with a third day of declines. However, as of Monday, the stock markets appear to be taking a respite based on growing support for Chairman Bernanke. If Ben Bernanke’s confirmation were to fail we believe that the
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The past two trading days have seen the Dow Jones Industrial Average (see index disclaimer) drop into negative territory for 2010 (Source: Wall Street Journal). During the later half of 2009, we often wrote about possible weakness and potential volatility in 2010. At this time we do not believe any fundamental economic factors have changed.
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