“Federal
Reserve Chairman Ben Bernanke told a group of U.S. senators Thursday that the
debt crisis in Greece and Europe is having an impact on the U.S. economy,
according Senator Richard Durbin.
Durbin,
who attended the closed-door meeting that Senate Democrats
had with Bernanke, told reporters that the U.S. central bank chief described
the situation as worrisome. Durbin said Bernanke told the group it ``impacts
our economy.'' (Reporting From Fox Business at http://www.foxbusiness.com/markets/2011/10/20/bernanke-meets-senate-democrats-aide/#ixzz1bN5ikp00)
Regarding Bernanke's statement...we'll see.
We
had a good move down on the VIX today.
Volume continues more to the buy side.
The NTMS Price indicator has been moving up and is almost positive. NTMS is looking good at this point.
The NTSM analysis went back up to BUY
today.
I bought back into the stock market at S&P 500 1155 on 7 Oct
after the 6 Oct NTSM buy signal. I remain
100% long in the long term portfolio (100% stocks in the 401k.). (See the page
“How to Use the NTSM System” – the link is on the right side of this page).
