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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

Four More Years

Four More Years

"Helicopter" Ben Bernanke was confirmed as the Fed Chief for a second term today in the closest, albeit political, vote ever for the post. I don't believe market players ever doubted that Ben would not be chosen for a second four years, believing that the "No" votes were used by politicos to show the voters back home how concerned they were. After a less than thrilling marathon of a state of the union address last night and today's vote, you can really get a sense that Washington is broken and the slightly dull inmates are running the asylum. Interest rates were kept at zero on Wednesday, as the Fed continues its plan of letting the big banks profit their way out of a financial crisis. Stock traders pulled in their horns the past several days as good earnings have not been rewarded kindly.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.