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Goldman's Lloyd Blankfein on Capital Hill 4.27.10
Goldman Sachs CEO Lloyd Blankfein testifies regarding charges the firm used a strategy that allowed it to take the opposite side of investments it was selling to the firm’s clients.
CNBC Video: Google May Quit China
Great video on why Google may leave China.
Negative Reversal From Resistance; Stocks Give Back Earlier Gains
Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign. The S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. The next level of support for the major averages is their September highs, then their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. We have enjoyed large gains since the September 1st FTD and over the past two weeks, the tape remains somewhat sloppy. Trade accordingly.
Bernanke: Markets beginning to understand our message
Source: http://www.cnbc.com/id/100890341
Assessing Bank of Korea's Rate Decision
The BoK’s decision to keep rates on hold at 2% on Thursday came as no surprise to PK Basu, MD & chief economist at Daiwa Capital Markets. He tells CNBC’s Oriel Morrison what contributed to the central bank’s dovish tone.
