Bernanke to Congress: Sluggish growth ahead, Stocks end Higher

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posted on Oct, 4 2011 @ 06:18 PM
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NEW YORK (CNNMoney) -- Fed chief Ben Bernanke told a panel of Congress on Tuesday that the central bank expects growth in the second half of the year to be "more rapid" than the first half of the year, but says the economy still faces headwinds.





"Overall, the recovery from the crisis has been much less robust than we had hoped," Bernanke said.




So it appears that Bernanke cliamed that there will be a Sluggish growth ahead



US Stocks Finish Higher After Big Comeback In Final Hour


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NEW YORK (Dow Jones)--U.S. stocks staged a fierce comeback in the final hour of trading Tuesday after a report that European Union finance ministers are discussing ways to recapitalize the region's banks.



In my view i think they are selling now to avoid and dallying the meltdown from happenig.






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