Douple Dip or No Double Dip? The Debate Continues…
Airtime: Tues. Jun. 22 2010 | 7:21 PM ET
Discussing the outlook for stocks and the economy, with Barry Ritholtz, Fusion IQ and Michael Pento, Delta Global Advisors.
Airtime: Tues. Jun. 22 2010 | 7:21 PM ET
Discussing the outlook for stocks and the economy, with Barry Ritholtz, Fusion IQ and Michael Pento, Delta Global Advisors.
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”
Pimco’s Bill Gross the so-called “new normal” with CNBC.
Hungary is definitely not in the same position on its debt as Greece, Economy Minister Gyorgy Matolcsy told CNBC. The new government will keep the budget deficit at 3.8 percent of gross domestic product, Matolcsy pledged.
President Obama addresses the political issues preventing the Senate from extending unemployment benefits in the US.
It would take a sharp fall in the price of oil or another crisis to change Russia’s economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
Where do the rating agencies fall into the fray when it comes to the SEC’s charges against Goldman Sachs? Sean Egan, president of the Egan-Jones Ratings Company, and Mark Zandi, of Moody’s Economy.com, share their insight.