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Yellen Testimony Buoys Stocks

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Mortgage and Lending with The Federal Savings Bank/Lending in 50 states NMLS # 109616

Stock future were lower this morning in reaction to the unrest in the Ukraine and also in concern over what Janet Yellen might say during her testimony to Congress.  As it turned out she said that the economy may have slowed to a point at which she might have to stop the tapering process of the Fed purchasing program.  This was music to traders' ears.  The Dow closed up 74 points on the day.

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