The Reagan Legacy
Airtime: Thurs. Nov. 4 2010 | 7:49 PM ET
It’s been 30 years since the election of Ronald Reagan. A look at the “Gipper’s” legacy, with Steven Hayward, American Enterprise Institute, and CNBC’s Larry Kudlow.
Airtime: Thurs. Nov. 4 2010 | 7:49 PM ET
It’s been 30 years since the election of Ronald Reagan. A look at the “Gipper’s” legacy, with Steven Hayward, American Enterprise Institute, and CNBC’s Larry Kudlow.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Updating his bet on the housing recovery, with Jason Benderly, Benderly Economics.
Japan has revised downwards its Q4 GDP growth to 0.9%. Frederic Neumann, senior Asian economist at HSBC, tells CNBC’s Martin Soong & Karen Tso that this revision adds pressure on the BOJ to extend its easy monetary policy.
Political pressure is rising ahead of the midterm elections, with Greg Valliere, Potomac Research Group, Allen Sinai ,Decision Economics.
Fresh perspective on the Bernie Madoff scandal, with Steve Fishman, New York Magazine contributing editor.
Markets are in the red after a wealth of disappointing data from pending home sales and ISM manufacturing, with Steven Ricchiuto, Mizuho Securities USA Inc. and John Canally, LPL Financial.