Inflation
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We all heard the whisper turned into a shout and just like that the news spread faster then Angelina’s new baby. Today was a down Monday for many of the markets including the Dow and the NASDAQ. The Dow fell almost 200 points to 11,048 and just the Dow the NASDAQ took a big hit as it dropped.
It seems Federal Reserve Chairman Ben Bernanke was a big part of slide of the markets today. All around the world you see Bernanke and down as the markets are trying to react to what is going on. Today was just a bad day for many investors and in time we will see if these words and thoughts will play into the markets of tomorrow.
Iran’s threat was able to get the attention of the markets as oil went up on supply concerns.
Vonage the IPO that has been talked about now has investors filing a lawsuit for violation of securities laws and improper sale of shares to customers.
The USD went up against a major currencies. The Euro(1.2979) hit a one year high then fell (1.2911) a bit after the high.
