Trader Talk With Art Cashin & Alan Valdes
Art Cashin, of UBS, and Alan Valdes, of Kabrik Trading, share their market insight
Obama Nominates Elena Kagan to Supreme Court
President Obama names Solicitor General Elena Kagan to the Supreme Court of the United States.
BoE Leaves Policy Unchanged
The Bank of England left interest rates and its asset purchasing program unchanged Monday. Justin Urquhart Stewart from Seven Investment Management and David Frost, director general of British Chambers of Commerce, joined the discussion.
EU's Barroso on Euro Debt Deal
There is now actually money on the table and not just a statement, which I think is very important, Jose Manuel Barroso, European Commission Chief, told CNBC Monday after the EU agreed a debt rescue package at the weekend.
EU Package Won't Cure Countries' Insolvency: Roche
We have a $700 billion to $1 trillion rescue package being thrown at countries “which are patently insolvent,” David Roche from Independent Strategy said Monday. He added that EU leaders have not addressed how the austerity measures are going to be enabled to help these countries become solvent again.
China Tightening More Worrying Than Greece
We are more concerned about rate rises in China than the Greece contagion risks, says Craig Irvine, co-head of regional research at Daiwa Capital Markets. He speaks to CNBC’s Karen Tso and Martin Soong about his outlook for Asian markets.
Stocks Plunge As Contagion Fears Spread
The market is currently in a correction which, according to historical precedent, suggests 3 out of 4 stocks will follow the market lower until a new follow-through day emerges. That said, taking the appropriate action on a case-by-case basis with your stocks prompts investors to raise cash when any holdings start getting in trouble. It is also important to note that the major averages have experienced multiple “corrections” since the March 2009 lows and each one has been mild at best (less than a -10% decline from the recent high). Therefore, it will be very interesting to see how low this correction goes before the bulls show up and defend support (if that happens).
Additionally, it is important to note that the market can go much lower (or higher) than anyone thinks; so it is of the utmost importance to filter out the “noise” and carefully analyze price and volume for the best read on the health of the market.
Goldman CEO Blankfein on SEC
CNBC’s David Faber has the highlights on what Lloyd Blankfein said in response to SEC charges.
Louise Yamada- Tale of the Charts
Discussing where markets are headed next, with Louise Yamada, Louise Yamada Technical Research Advisors,
One-on-One with Blankfein
Lloyd Blankfein, CEO of Goldman Sachs speaks with CNBC’s David Faber about the shareholders meeting, his testimony in front of Congress and the outlook for the company.