Another Down Day

Mr. Bernanke spoke before Congress today and quelled hopes of more rate cuts. The Fed Chief is more concerned about the state of the dollar. GM is closing plants and trying to stop the bleeding from its focus on the gas guzzlers. They are looking to get rid of the Hummer brand. Americans have such short memories. Leave it to us to go back to the tanks should gasoline decline sharply. Some think such a scenario is likely, since speculation appears to have a big role in the price at the pump. Large-caps suffered more today. DJIA -100.97 NASDAQ -11.05 S&P 500 -8.02