Bernanke

Hey everyone,
I've been reading other threads and watching the market, and noticed that it seems any big moves will be following (or during) Bernanke's speech today.
I'm new to the effects he can have on the market. Can anyone give me examples of what he may say, and how it will effect the market? I'm assuming if he hints that interest rates may be cut, that will be $-. I'm looking for your wisdom.
Also, is there anywhere online that you can read his speech word for word. This is all very interesting to me. I won't trade it with my lack of experience, but am very interested in watching how it plays out.
Bob

Hi, it should appear here:

http://www.federalreserve.gov/boarddocs/speeches/2006/


He is speaking here http://www.economicclub.org/ and they have a speech archive, but I'd stick to the Fed page, either the link above, or go directly to their homepage.

He is talking on savings, and Q+A are expected. Given the divergence of opinion in the market regarding the trajcetory of policy rates, any clarity on the situation could move the mkt. Talking about savings, Bernanke has potential to talk about the housing mkt and consumption, and also about global imbalances, both of which could be interesting.

Thanks a ton. You guys are great!

Speeches are hard to trade. I have yet to read a method for reliably trading them. However, I am currently long eurusd and gbpusd. When he opens his mouth, I predict the dollar to slide. That's not why I'm long though... I'm long cuz my super simple SMA crossover says "go long".

I am thinking of utilizing a WeeJie Board as a confirmation tool to eliminate some of the false signals I get though.

Happy Trading!:

Keep pulling on that Cig, you won't be around long enough to see the re-cross. Everytime I see you on here, you're puffing a Cig

Did I read it right?

Higher age = less quality of life

Is he telling us to die young?

...the speech did exactly what it said on the tin - discuss saving in the context of an aging population...I think it's pretty uninteresting, both from a market perspective and in terms of the speech itself. Yawn!

thought - if there is a slump in the housing market, and consumption eases off, I suppose a higher saving rate could be a silver lining in the cloud of an economic slowdown.

Hah BurgerKind, it seems that way at times, but he does say 'Even a practitioner of the dismal science like me would find it difficult to describe increasing life expectancy as bad news. '

There could be some sparks of the Q&A, but I'd rather have my dinner than stick around.

He's still concerned about inflation and the lagging housing market could shave a % point off GDP.....sounds like long on Euro & GBP to me

What kind of image as Bernancake got in the US?