Ignore Good News During Crisis
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
Data out from the NAR show existing home sales in April jumped to 5-month highs, with CNBC’s Diana Olick and Jack McCabe, McCabe Research and Consulting.
Why deflation could be a good thing for Americans, with Jim Rickards, Market Intelligence.
There will be a correction in the stock market “at some point,” Anthony Fry from Evercore Partners told CNBC Wednesday. But it’s unclear when that correction will occur, he added.
The Shanghai Composite Index is likely to continue a “broad sideways movement,” Daryl Guppy, CEO of Guppytraders.com, told CNBC Thursday. Guppy also takes a technical look at the CAC-40 and FTSE-100.
Connecticut Attorney General Richard Blumenthal is suing Moody’s and Standard & Poor’s claiming they knowingly assigned bad ratings to investments that contributed to the financial crisis. He discusses the suit with CNBC.
The dollar is still going up and has a chance to create a “good top” in the near-term, Bill McLaren, independent trader, said Friday. He also looks at the chart for the S&P 500 index.