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.
Insight on the latest employment numbers, with Bill Gross, PIMCO.
Analysis of McDonald’s sales for February, including how the company performed in the Asia-Pacific market, with Matthew DiFrisco, Oppenheimer & Co. sr. analyst.
Economists & the Obama-conomy. Economist weigh in on President Obama’s economic and health care policies, with CNBC’s Steve Liesman.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
Discussing the winter weather factor in the jobs numbers, with CNBC’s Steve Liesman.
It’s very important for the Chinese economy to maintain its stable trajectory. A stable growth path for the Chinese economy is good for global growth, Andrew Sheng from China Banking Regulatory Commission said Friday. The fiscal stimulus has been very positive. Growth has come back but uncertainties remain, he added.
The dollar is still going up and has a chance to create a “good top” in the near-term, Bill McLaren, independent trader, said Friday. He also looks at the chart for the S&P 500 index.
Thursday, March 4, 2010 Market Commentary: Stocks traded between positive and negative territory and closed higher as investors digested the latest round of economic data. Volume, a critical gauge of institutional demand, was reported lower than the prior session on the Nasdaq exchange and on the NYSE. Advancers led decliners by a 11-to-8 ratio on the NYSE…
Airtime: Thurs. Mar. 4 2010 |
Everybody should accumulate some gold over time, Marc Faber, editor and publisher of the ‘Gloom, Boom and Doom Report,’ told CNBC.