0 For His Last 6, Will Bernanke Finally Get A Hit?

Cobra

When Bernanke speaks, the market drops.  At least that is what has happened the last six times the Fed Chairman has taken the microphone.  As we previously highlighted, the last time Mr. Bernanke spoke on March 14th, the market dropped more than 2%.  Since taking over as Chairman, the S&P 500 has averaged a decline of 0.12% on days when Bernanke has either made a speech or provided testimony (from the Fed's website).  Hopefully he can break his market losing streak today.

 

ppteam

haha, he might like Varitek to get a hit not before 0 for 9.