Despite that, Dow took it well and closed up 0.9%...why would we be the one to panic Monday? Just curious...thanks.
Dean Earwicker <dean.earwicker(*)gmail.com> wrote: This is not good for Monday. Not good at all. Oh well...
Regards,
DE
http://www.reuters.com/article/marketsNews/idINL3174070420070831?rpc=44
European shares pare gains on Bernanke comments Fri Aug 31, 2007 10:13AM EDT
LONDON, Aug 31 (Reuters) - European shares pared gains on Friday after U.S. Federal Reserve Chairman Ben Bernanke failed to offer clear clues on the direction of interest rates.
At 1408 GMT, the FTSEurofirst 300 (.FTEU3: Quote, Profile, Research) was up 1 percent at 1530.09 points, after rising briefly to 1, 537.98 points soon after Bernanke started speaking.
Bernanke said that it was not the Fed's responsibility to protect lenders and investors from the consquences of their decisions.
Across the Atlantic, U.S. stocks also gave up some gains, with the Dow Jones industrial average (.DJI: Quote, Profile, Research) up 0.6 percent, the Nasdaq (.IXIC: Quote, Profile, Research) up 0.9 percent and the S&P 500 (.SPX: Quote, Profile, Research) up 0.8 percent.
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