Wednesday, April 2, 2008

Deal Details Coming

Hard for market to go anywhere today, not because Bernanke dropped the R word, but rather because he told the Senate panel that the particulars regarding Bear Stearns would be discussed on Thusday by the larger group of the bail out participants. He admitted not being to versed on the every facet of the bargain give away, which seems a little disconcerting but not a surprise. Market will have to listen to the explanations tomorrow and figure out the important parts.