El-Erian on the Markets 3.15.10
Airtime: Mon. Mar. 15 2010 |
Mohamed El-Erian, of Pimco, discusses the “new normal” and what’s next for the markets.

Airtime: Mon. Mar. 15 2010 |
Mohamed El-Erian, of Pimco, discusses the “new normal” and what’s next for the markets.

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.

The housing recovery will continue to be mixed after a year-over-year drop in January marked an improvement over December, says David Blitzer, Chairman of the Index Committee at S&P.

Should water stocks by part of your investment diet? Deane Dray, of FBR Capital Markets, shares her insight.

Insight on the state of housing, with Ara Hovnanian, president & CEO of Hovnanian Enterprises

Discussing the fate of the markets and the impact the Greek contagion is likely to have on the rest of the world, with Nouriel Roubini, RGEmonitor.com.

Discussing whether the BP oil spill will be the catalyst in the transition to clean energy, with Boone Pickens, BP Capital Management founder & chairman.