Could Bernanke Help Flooring Stocks Rebound?

Washington, DC, Aug. 22, 2011 -- Could Federal Reserve chairman Ben Bernanke help stem the slide in floor company stocks?

Investors are anticipating a speech by Bernanke on Friday in Jackson Hole, Wyoming and there is speculation that he could announce a new round of stimulus, which could help buoy the market.

Shares of Mohawk Industries, Armstrong World Industries, Interface Inc. and The Dixie Group have all trended significantly lower over the past three months, along with most of the stock market, even as the cost of oil is down significantly over the past month.

However, the housing market continues to falter and news from the commercial market hasn't been much better. For example, architects have seen their billings fall, which is an indication of less work later this year.

With the global economy sputtering and financial markets hobbling, investors are seeking reassurance the U.S. central bank stands ready act.

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