Abby Joseph Cohen: Are Stocks Still Attractive?
Abby Joseph Cohen: Are Stocks Still Attractive?
Abby Joseph Cohen: Are Stocks Still Attractive?
With the Bank of Japan set to ease policy again, Masayuki Kichikawa, chief Japan economist at Merrill Lynch, discusses the options the central bank has in its toolbox. He speaks to CNBC’s Sri Jegarajah & Karen Tso.
The action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong. Looking forward, the window is open for disciplined investors to carefully buy high-ranked stocks, while many pundits are expecting that markets may consolidate following recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) in recent weeks. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Discussing whether a plunging dollar and soaring gold prices are putting a major dent in your bottom line, with Anthony Mirhaydari, Edgeletter.com founder and Joe Battipaglia, Stifel Nicolaus.
Insight on Rahm Emanuel’s departure and whether the White house is trying to woo back business support, with Joy Reid, The Reid Report; Andrew Busch, BMO Capital Markets and Ben Ferguson, syndicated radio talk show host.
Chris Richter, auto analyst at CLSA, says that Nissan CEO’s forecast for electric cars to make up 10 percent of global auto sales by 2020 sounds ambitious. He tells CNBC’s Oriel Morrison, that there is a market for green cars and a plug-in hybrid may be the compromise solution for now.
September 2010 Market Commentary The major market indexes scored a sound follow-through day (FTD) on September 1, 2010 and spent the rest of the month racing higher. This corresponded with a steep sell off in the US dollar and a robust rally in many well-known commodities. The benchmark S&P 500 index and the Dow Jones Industrial…
The action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been very strong. Looking forward, the window is open for disciplined investors to carefully buy high-ranked stocks, while many pundits are expecting that markets may consolidate following recent gains. It was encouraging to see the bulls show up and defend support (formerly resistance) last week. The next level of support for the major averages is their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. Trade accordingly.
Insight on BP’s gulf liabilities, with Bob Dudley, BP CEO.
A new and improved tool for global debt, with Greg Ip, The Economist U.S. economics editor.