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The Markets Facing a Barrage of Uncertainties

January 22nd, 2010 Michael McDonough

As I mentioned in my US Week Ahead, any indications that Chairman Bernanke may not be reconfirmed could send ripples through the market. This morning I woke up to this headline “Senate Dems Not Sure They Can Get Enough Votes to Reconfirm Bernanke”. The market is still walking on broken glass after overcoming its biggest crisis since the great depression, and needs all the certainty it can find. But, the situation with Bernanke, questions around China, and President Obama’s proposed banking restrictions and health care reform are clearly too much uncertainty for the market to digest.

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