The day after Oblama sent the Dow to its worst showing since 1997 Bernanke said the right things to make the investors less worried and brought the Dow back up 236 points after the 250 point loss yesterday.
Tonight will tell the tale of whether he has learned anything in the past month or not. Some of the promises he has made are so preposterous its starting to make everyone a little nervous unless you're a died in the wool Democrat and think he can do no wrong.
I can hardly wait until the market opens tomorrow to see if I need t dig the fallout shelter a little deeper or not.
donrock


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Friday, the dollar fell against many currencies after a better than expected unemployment report (non-farm payroll). The US economy lost another 651,000 jobs bringing the total percentage number of unemployed in the US to 8.1%,the highest margin in 25 years. This is considered better than the 660,000 that some analysts were predicting and was the cause for the lapse in the dollar’s strength. However, many are viewing this as a return of risk appetite in the Forex online as higher yielding currencies fared much better on Friday as the dollar lagged.

Friday’s close saw the dollar off .9% to the Euro at 1.2655, down ¼ to the Yen at 98.29 and down more than 1% to the Swiss Franc at 1.1581. The dollar did manage to squeak out a small gain against the Sterling closing up .1% at 1.4092.

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