Bullish on the Brink- David Tepper
Airtime: Fri. Sept. 24 2010 | 8:15 AM ET
Why potential upside is large and downside is relatively small, with David Tepper, president & founder of Appaloosa Management.

Airtime: Fri. Sept. 24 2010 | 8:15 AM ET
Why potential upside is large and downside is relatively small, with David Tepper, president & founder of Appaloosa Management.

Which is the bigger threat? Vince Reinhart, former director at the FOMC; Jim Lacamp, of Macroportfolio Advisors; Jim Iuorio, of TJM Institutional Services; Lee Munson, of Portfolio Asset Mgmt.; and the CNBC news team discuss.

The government is looking to shorten the lengthy process of short sales, reports CNBC’s Diana Olick.

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“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.”

President Obama Comments on McChrystal

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