Bernanke On Housing Finance
Airtime: Mon. Oct. 25 2010 | 8:33 AM ET
Fed chief Ben Bernanke discusses the future of housing finance in America.
Airtime: Mon. Oct. 25 2010 | 8:33 AM ET
Fed chief Ben Bernanke discusses the future of housing finance in America.
CNBC’s Annette Weisbach breaks down today’s European market action.
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.
The Federal Reserve decides to keep Fed funds rates unchanged. Insight with Ken Volpert, Vanguard Funds; Bill Gross, Pimco co-founder; CNBC’s Steve Liesman & Hampton Pearson.
Tom O’Brien, editor of The Gold Report, expects a $200 pullback in gold, and Brian Hicks, of US Global Investors, thinks the commodity could soar to $1,500. They go head-to-head on CNBC.
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
Van Anantha Nageswaran, chief investment officer, Bank Julius Baer, believes the probability of a double-dip is higher in 2011 than 2010. He tells CNBC’s Oriel Morrison & Bernard Lo that there are various headwinds ahead for the global economy.