Whether the U.S. economy is still in the benign state or advance tumor situation needs to be checked before the adrenal-glands stop secreting enough hormones to stimulate the proper functioning of the whole body organisational system.
Are the chief physician doing enough to provide a proper post-mortem and after care before the nervous system becomes haywire?
In a speech at the Women in Housing and Finance and Exchequer Club Joint Luncheon in Washington, DC, Thursday, Bernanke said that "light of recent changes in the outlook for and the risks to growth, additional policy easing may well be necessary." The Fed chief said policymakers "will be carefully evaluating incoming information bearing on the economic outlook" and that the Fed stands "ready to take substantive additional action as needed to support growth and to provide adequate insurance against downside risks."
Fed chief Ben Bernanke also hinted that deeper rate cuts may be on the way, giving investors reason to cheer. The central bank releases its next policy statement on Jan. 30.
Tracking the Dow on Thursday,10/01/08.
An extremely volatile session saw stocks falling in the morning, spiking on Bernanke's comments released at midday, then falling shortly after his speech ended.
Late-session reports that Countrywide Financial is up for sale gave the market its second wind, as Wall Streeters bet that Bank of America's investment in the company could be a good sign. Towards the closing bell,a spinning doji near the ground level with a white body are the bulls trying to make a decision whether to proceed or give up as the road ahead are still full of booby traps.
Wednesday's candlestick is like a bullish spinning top doji which has just completed Tuesday's bearish stick short-covering .The opening gonna be bearish tonight.
Stock Watch:-
1.) ACTC - Continued Momentum http://rs6.net/tn.jsp?e=0015HhFmrEfpCOL-pJMRpWmyHiwl4GQfdK3b8Tc74rMIVWVx1sq5H0dno1cD9ilv2MY_G8ta6jb-A-p9CldnlRprpi_ILHaPfEl3Imv-XsRkcmH8qcs9xezrAVL6sPmARp-1WJwZ0-Y06c= Advanced Cell Technology, Inc. together with colleagues announced today the development of five human embryonic stem cell (hESC) lines without the destruction of embryos.
2.) PURO - Volume Alerthttp://rs6.net/tn.jsp?e=0015HhFmrEfpCNiF5RP4COqLmLbhhgdXQTKXFVq5pVaUJFvzE6i0GCQyCrDCoYMzkMLPqRzBnt-a01gQMKlyvBpjXVjSNX5Dcod1rtOaEdQ8Hlpam0B1AcZDIWEQdkhR8OfXtdqP85lHhlQL70GOCkZ2axCxU_VqsVe Purio operates to provide practical solutions to the growing global water crisis. The Purio technology was independently tested by Canadian Environmental Technology Advancement Corporation-West (CETAC-WEST).
3.) CYPE - Volume Alerthttp://rs6.net/tn.jsp?e=0015HhFmrEfpCPa8ISsSndYX3NSftPqLbSOEX_XLDbboV_j1Q63zTwL-iUs64Nmj91TUxexzGUqqo7Z6K7Jfnyk7DFl30k0KZFujrgVy1eIBrps5qndJ85xu7Rr6DqfU5NiKobCD4oUbmB6GB9K1_bpDS9BfHBYEcW9 Century Petroleum Corporation is a publicly traded, dynamic junior oil and gas exploration company currently focused on making significant commercial petroleum discoveries in the Southern States.