Trader Talk With Art Cashin 4.13.10
Airtime: Tues. Apr. 13 2010 | 8:50 AM ET
Art Cashin, director of floor operations at UBS, has the buzz from the NYSE.
Airtime: Tues. Apr. 13 2010 | 8:50 AM ET
Art Cashin, director of floor operations at UBS, has the buzz from the NYSE.
Global demand for crude oil is due to grow, according to Victor K. Shum from Purvin & Gertz. Shum considers the outlook for the oil market.
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.
Wilbur Ross on the Markets 2.2.10
The Bank of England held interest rates at a record low, as widely expected Thursday. Anthony Gibbs from Vantage Capital Markets told CNBC that the UK could be facing an inflation problem.
President Obama makes comments on the progress of economic recovery.
China’s economy is fundamentally good and not overheating, says Jerry Low, China strategist at Morgan Stanley. He assess the latest set of GDP and inflation data, with CNBC’s Bernard Lo.