Up to His Old Tricks

The market slumped today, partly as a response to comments by the Fed Reserve Chairman. Wait...not THAT one - Greenspan! Rumor has it the former leader suggested the Fed would have to ease up on their monetary policy as a result of the weakening housing market. (Why do I suddenly feel like I'm at the "gossip fence?") Rumor or not, this helped the 10-year Treasury bond yield drop to 4.61% and raised concerns about a rate cut. Oil fell below $61 a barrell, and the CEO of HP will resign, effective immediately. We're all keeping an eye on the now-public investigation of the computer giant. DJIA: -25.13 Nasdaq: -18.82 S&P 500: -3.25