What Would Happen if Fannie & Freddie Disappeared?
Airtime: Thurs. Jul. 1 2010 | 2:20 PM ET
CNBC’s Steve Liesman looks into what a world without Fannie Mae and Freddie Mac would look like.
Airtime: Thurs. Jul. 1 2010 | 2:20 PM ET
CNBC’s Steve Liesman looks into what a world without Fannie Mae and Freddie Mac would look like.
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.
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Discussing the threat of Greece and Europe and its impact on the stock market Mohamed El-Erian, Pimco CEO/co-CIO.
Discussing whether there is a connection between gold and your health, with Stephen Moore, Wall Street Journal Editorial Board.
A legendary investor weighs in on a new deal, with Wayne Huizenga, Huizenga Holdings chairman/president.
Profit at Randgold Resources jumped 83% in the first-quarter of 2010 compared to the previous year. Mark Bristow, CEO of Randgold Resources, expects a strong performance in the final quarter.