1:15 PM
Today Ben Bernanke testified infront of the congress, and said that the recession is coming. My question is that why till now he started telling the real thing, and what he had done during those 6 months.
Basically, he had cut interest rate more than 9 times, injected fed funds more than $300 billion, loss many montery policies for the banks. Now, he thinks that it is pretty enough to cure the economy or it is out of his hand. Obviously, the main street feels the pain. I don't know if it is the time to be bullish instead of bearish.
So actually, at this time, TA should be shining. From the TA, I believe that the market is at this short term top.
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