Housing Headwinds Ahead
Airtime: Thurs. Feb. 18 2010 | 2:09 PM ET
Discussing whether the government’s efforts to help housing have helped the U.S. economy, with Shari Olefson, Fowler White Boggs and Mary Tootikian, Loan Processing Center.
Airtime: Thurs. Feb. 18 2010 | 2:09 PM ET
Discussing whether the government’s efforts to help housing have helped the U.S. economy, with Shari Olefson, Fowler White Boggs and Mary Tootikian, Loan Processing Center.
Toronto-based minder Barrick Gold posting better-than-expected earnings, with Aaron Regent, Barrick Gold CEO.
Going behind the numbers and inside the hedge fund world, with Daniel Mudd, Fortress Investment Group CEO.
Lihir Gold has rejected an US$8.5 bn billion takeover offer from Newcrest Mining. Ron Cameron, senior analyst at Ord Minnett and Greg Canavan, editor of Sound Money – Sound Investments, weigh in on the deal, with CNBC’s Amanda Drury & Sri Jegarajah.
Discussing where markets are headed next, with Louise Yamada, Louise Yamada Technical Research Advisors,
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
There is now actually money on the table and not just a statement, which I think is very important, Jose Manuel Barroso, European Commission Chief, told CNBC Monday after the EU agreed a debt rescue package at the weekend.