June 15, 2006

GREAT, NOW START CUTTING:

Party on Wall Street: Major gauges surge, tripping trading circuit breakers, after Bernanke speech eases inflation jitters; Dow finishes above 11,000 (Steve Hargreaves, June 15, 2006, CNNMoney.com)

The Dow posted its best day of the year Thursday, settling above 11,000, after Federal Reserve Chairman Ben Bernanke delivered a non-alarmist speech on inflation, extending a morning rally sparked by tame economic reports.

The Dow Jones Industrial Average (up 198.27 to 11,015.19, Charts) jumped about 1.8 percent, while the broader Standard & Poor's 500 index (up 26.12 to 1,256.16, Charts) advanced 2.1 percent, according to early tallies.

Posted by Orrin Judd at June 15, 2006 5:32 PM
Comments

I knew I should have bot something a couple of days ago.

Posted by: Sandy P at June 15, 2006 5:48 PM

I heard that Bernanke is a connoiseur of tantric love.

Posted by: ghostcat at June 15, 2006 6:33 PM

What is it with these guys anyway? Wasn't Greenspan one of Ayn Rand's boytoys back in the 50's? He probably got his freak on with Nathaniel Braden at the same time.
If every chairman of the Fed is freakier than the last, if won't be long before we've got a guy in a zippered leather mask explaining why interest rates need to be raised.

Posted by: Bryan at June 15, 2006 7:56 PM

Eric Von Zipper for Fed Chairman? Cool. Frankie, Annette and Moondoggie would be proud.

Posted by: jdkelly at June 15, 2006 8:32 PM

jdkelly:

Don't forget Kahuna (Cliff Robertson, a La Jolla guy), though I realize I am mixing up movies. At any rate, they'd all be pleased with the economic news, particularly if it translated to real estate, in which most of them are invested.

Posted by: Fred Jacobsen (San Fran) at June 16, 2006 3:45 AM
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