Janet Yellen's testimony to congress and the subsequent question-answer period was a rather revolting display of crony capitalism in its most blatant form. Legislators swooned over the new Fed Chair (as she is now to be known), and Wall Street sent stocks to the moon, again.
Yellen's prepared testimony to the House Financial Services Committee:
Bear in mind, these are the people/drones/robots elected/appointed to rule/run/govern the country/world/universe.
Hedge accordingly... or, just kill yourself now.
DOW 15,994.77, +192.98 (+1.22%)
NASDAQ 4,191.05, +42.87 (+1.03%)
S&P 1,819.75, +19.91 (+1.11%)
10-Yr Note 100.23, +0.01 (+0.01%) Yield: 2.72%
NASDAQ Volume 1.86 Bil
NYSE Volume 3.68 Bil
Combined NYSE & NASDAQ Advance - Decline: 3228-1494
Combined NYSE & NASDAQ New highs - New lows: 190-32
WTI crude oil: 99.94, -0.12
Gold: 1,289.80, +15.10
Silver: 20.15, +0.041
Corn: 441.50, -1.50
Tuesday, February 11, 2014
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