Hank stumbles through another speech and true to form the market heads south, closing 600+ points down. Obviously there is no causality, but there is definitely a real negative correlation between his public speeches and the market. I say bring on Geithner, or speak after 4pm EST. Otherwise Bollinger, SMA and RSI are going out the window and I'm just going to go short when Hank speaks...seriously.Dec 1, 2008
True to Form
Hank stumbles through another speech and true to form the market heads south, closing 600+ points down. Obviously there is no causality, but there is definitely a real negative correlation between his public speeches and the market. I say bring on Geithner, or speak after 4pm EST. Otherwise Bollinger, SMA and RSI are going out the window and I'm just going to go short when Hank speaks...seriously.