Bernanke is saying that the Federal Reserve’s money for crap loan program to the investment banks may continue well into next year.

In energy, we have generally good news, with oil falling to $136.04/bbl and
retail gasoline prices unchanged.

Not unsurprisingly the dollar strengthened a bit.

Housing, on the other hand just took another hit, with pending home sales falling 4.7% from last month and 14% from a year ago.