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Temperature ne. Nearly every Single Person i knew thought ben bernanke had a bad hand coming into todays fed meeting. The s p falling 1. 2 , so what happened here . How could so many people get this guy wrong, how could people think he had jack high with all this nonsense . Ben threw in his cards when we werent looking, got a whole new hand. The man is not an idey ideologu. The facts changed so bernanke changed his mind, too. He doesnt care that hes going to get hammered for doing so by the same people who hated what hes done for the Housing Market and what hoose done for the stock market and what hes done for unemployment. As bernanke said, he never spelled out what he was going to say anyway, people just put words in his mouth. Think about what what happened when he said they might have to cut the bond market. D did you notice the home builder stocks were all crushed . I thi ....
good morning, andrew, we were hoping this would stop in america. when our markets closed yesterday afternoon they did not. what happened. reporter: it was odd. we ve been having this conversation three hours ago i would say to you it looks like there could be some life. markets came off their low. there was a big sell off this morning. mutual funds were selling. more and more people were cashing in on their mutual funds. hong kong was down by 7%. seoul down by 9%. then just around the lunch time trading, just after the trading break things started to turn around. we came back again. australia finished in the black. right before the end of the day it went down again because london and european markets sharply lower. is volatility is intense and all this does is put a whole lot more pressure on the fed. at this point, andrew, something that people they have not seen the. leadership in government. why do they think central banks hold the key to the problems we have r ....