Morning News Tuesday June 5th 2007
General News: - Fed Chief Ben Bernanke made the headlines today. He said that there was no major spill over from housing to other parts of the market and economy and tighter lending regulations will restrain housing demand. - Bernanke continued by saying that housing problems will persist longer than expected, bad loan practices may need additional measures, inflation risk remains to the upside, and he expects growth to be under the trend. - His comments scared the market to swallow its gains yesterday as many believe he will not lower rates later in the year as expected. The wait…