Bernanke, Great timing my friend.  Seriously, thanks.  Just when the markets were starting to shake off some of this, Bernanke sets the panic back in.  The stock market reacted especially to his outlook of 'Sluggish Growth'.   We are serious though, great chance for another pullback and some great deals.

There was much positive in his testimony if you can filter all of the grandstanding from the congressmen.  Bernanke stated that the fed would act again if needed with rate cuts.  This will prop up current housing (non-defaulted) even more, with much opportunity for refinancing.

The smaller of the bond insurers, Financial Guaranty Insurance, was downgraded by Moodys because of their opinion that they do not have enough capital on-hand to cover losses from policy payouts related to defaulted mortgages.  The two big bond insurers MBIA and Ambac are screaming that they have enough capital to cover all claims.  Great news there. 

The Limit Order stock picks continue to outperform the market, Register for free and check it out.  

All News Releases