As Bull Market Roars On, Insiders Sell
As Bull Market Roars On, Insiders Sell 4/9/2010 5:20:46 PM
Insiders at Red Hat and CarMax are among the latest to trim stakes. Barrons.com’s John Kimelman reports.
As Bull Market Roars On, Insiders Sell 4/9/2010 5:20:46 PM
Insiders at Red Hat and CarMax are among the latest to trim stakes. Barrons.com’s John Kimelman reports.
“Barclays has been the lucky bank,” Justin Urquhart Stewart from Seven Investment Management told CNBC Monday when discussing its performance during the credit crisis. Stewart and Allister Heath from CityAM discuss reports that Barclays Capital could develop a partnership model.
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.
Study Identifies Heart Risks in Glaxo’s Avandia. Dr. Steven Nissen, of the Cleveland Clinic, authored a controversial study identifying heart risks in GlaxoSmithKline’s Avandia diabetes drug. He talks to CNBC’s Mike Huckman.
The government is looking to shorten the lengthy process of short sales, reports CNBC’s Diana Olick.
Discussing whether the housing market will continue its rebound, Robert Shiller, Yale economics professor.
Wynn Resorts expects the high-end gambling market to lead growth, contrary to what Macau rival SJM is predicting. Steve Wynn, chairman & CEO of Wynn Resorts, explains his views to CNBC’s Bernard Lo.