Bernanke Testifies on the Hill, Pt. 2
Airtime: Wed. Jun. 9 2010 |
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
Airtime: Wed. Jun. 9 2010 |
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
Fabrice Tourre, executive director of the structured products group at Goldman Sachs, delivers his opening statement before a Senate panel that alleges Goldman profited from the housing meltdown and made billions at the expense of clients.
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.
Kansas City Federal Reserve President Thomas Hoenig sits down for a one-on-one interview with CNBC’s Steve Liesman at the annual central bankers meeting in Jackson Hole, Wyo.
“The key to Europe right now would be the stress tests with the banks,” Alan B. Lancz, president of Alan B. Lancz & Associates told CNBC. Robert Grady from Cheyenne Capital joined the discussion.
Han De Jong, chief economist at ABN Amro Private Banking, says Singapore’s open economy is benefiting from rapid growth in world trade. Q1 GDP surged a stunning +32% compared to the first quarter of 2009. He shares his interpretation of the island’s latest GDP data, with CNBC’s Martin Soong and Adam Bakhtiar.
Insight on a court ruling involving the Fed, with CNBC’s Steve Liesman.