Bernanke Says Europe Exposure Is Manageable: Wait, That Was From July?

September 6, 2011

It is hard to believe how bad markets/investors twist information to their liking. Worse yet is the media showing off information without full disclosure. That is what this afternoon’s rally off of the bottom is all about.

At about 1:30pm, major market indices were making a test of support when word of a letter from Bernanke was reported. It seems that while he is very concerned about the potential effects on the U.S. financial system should a EuroZone bank fail, he stated that he believed that the situation is manageable.

But, that was in JULY!!!!!! Most news sources are Read more