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Navellier & Associates - Bernanke Drops a Bomb - Then Tries to Control the Damage?

Posted by Michael J. O'Connor | CWS®, Vice President Investments
June 25, 2013


Louis Navellier tries to explain Federal Reserve Chairman Bernanke's remarks last week and what it means moving forward.

"Ben Bernanke dropped a bomb on all major markets last Wednesday when he laid out a tentative time table for the end of the Fed’s monetary stimulus policies. The dollar rose 2% within hours of Bernanke’s bombshell. The 10-year Treasury rate shot up from 2.19% to 2.52% in two days. Gold fell $80 in a day. The Dow fell over 600 points (-4%) from Wednesday afternoon to Friday morning’s low – falling 1.8% for the week. In addition, Friday’s volume was the highest since 2011. What’s next?"

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