Why Stocks Will Rally: Dick Bove
Discussing why the passage of financial regulation will spark a rally in the next weeks, with Richard Bove, Rochdale Securities financial strategist.
Discussing why the passage of financial regulation will spark a rally in the next weeks, with Richard Bove, Rochdale Securities financial strategist.
Dick Bove Reacts to FinReg
More than 700 CEOs across the globe are sharing their thoughts on doing business in a global economy, with Peter Lacy, Accenture and Georg Kell, United Nations Global Impact
The Mad Money Wall of shame is back and Cramer is giving it a fresh look.
Technically, the fact that both the Dow Jones Industrial Average and the S&P 500 Index continue falling after closing below their respective 200-day moving average (DMA) lines earlier this week suggests the market may retest its recent lows. Looking forward, the 50 DMA line may act as stubborn resistance and this month’s lows should act as support. Since the June 15, 2010 follow-through day (FTD), this column has steadily noted the importance of remaining very selective and disciplined because all of the major averages are still trading below their downward sloping 50-day moving average (DMA) lines. This week’s sell-off simply confirms that view. Trade accordingly.
Buy me 10,000- or whatever. If it goes up 1 point, buy more. If it goes up another point, call me. If it goes down 2 points, sell it. This sane, simple advice- unload losers, ride winners- became a source of enduring mystery for me: Why didn’t more investors embrace it? And why did so many…do just the opposite
Breaking down the two latest reports, with CNBC’s Steve Liesman & Rick Santelli.
Even if Julia Gillard takes over the PM seat in Australia, the proposed mining tax will still remain, says Colin Chapman, Asia Pacific VP at Strategic Forecasting. He makes his case to Brian Coulton of Fitch Ratings, CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
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.
Australian PM Kevin Rudd has quit and his deputy, Julia Gillard has been elected as the country’s first female PM. Colin Whitehead, analyst at Fat Prophets & Colin Chapman, Asia Pacific VP at Strategic Forecasting, assess this news, with CNBC’s Karen Tso, Bernard Lo, Sri Jegarajah & Matthew Taylor.