Apple's Next Big Trick
Airtime: Wed. Oct. 20 2010 | 10:45 AM ET
Apple goes “back to the mac,” with Jonathan Rettinger, blogger at TechnoBuffalo.
Airtime: Wed. Oct. 20 2010 | 10:45 AM ET
Apple goes “back to the mac,” with Jonathan Rettinger, blogger at TechnoBuffalo.
“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.”
Where Richest Are Putting Riches
Insight on the markets now, with David Gerstenhaber, Argonaut Capital Management.
Roach: US Jobless Rate Actually Stands at 11.5%.Official data showed U.S. jobless rate in February remain unchanged at 9.7% but Stephen Roach, Asia chairman at Morgan Stanley, believes the real number actually stands at 11.5%. He explains why this discrepancy, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
The way the recovery is being engineered is quite wrong, says David Roche, global strategist at Independent Strategy Ltd, as it is sowing the seeds of greater instability. He talks about the sovereign debt bubble, with CNBC’s Amanda Drury & Sri Jegarajah.
Should water stocks by part of your investment diet? Deane Dray, of FBR Capital Markets, shares her insight.