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Awful Month on Wall Street; Stocks Close Below 200 DMA Line!
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.
Greenspan Sounds Off
Insight on the economy, the bond market and more, with Alan Greenspan, former Federal Reserve chairman.
Mortgage Conference Aftermath
Inside on the markets and mortgages, with Brian Battle, Performance Trust Capital Partners and CNBC’s Rick Santelli.
The King's New Court- Miami Heat
Discussing Miami Heat’s chance at profitability this year, with Eric Woolworth, Miami Heat president of business operations, and CNBC’s Darren Rovell.
Jon Corzine On FinReg
Last minute snags cropping up as lawmakers try to finish work on financial regulation reform, with Jon Corzine, MF Global chairman & CEO
Bill Gross Shares Gloomy Outlook
The days of a family expecting to use their returns from investments to fund their retirement or pay for their kids’ college educations are over, says Bill Gross, co-CIO and founder of PIMCO.