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I looked around for some news as to why this happened. Only thing I found was that Bernanke had said he was "worried" about media and investor speculation that the fed was going to stop increasing rates.

http://news.yahoo.com/s/nm/20060501/bs_nm/markets_stocks_dc_10

It worries me a lot that Bernanke might be "talking after school" with some reporter at a party. If true, there ought to be some consequences for Bernanke. You just do not announce fiscal policy like this.

This amazes me. Just a few words from one persons mouth and the dow drops like 60 points in 5 minutes. Being a long term investor, I tell myself this doesn't bother me long term.

Yeah, I went to buy groceries looking at a modest gain for the day, only to return to find a 0.5% loss. It's not even that big of a loss on a day, as things go, but I'm annoyed about the reason. But, if you truly are a long-term investor, now is always a good time to buy your allocations.

Hedge
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