Bill Gross: Liquidity Trap Part I
Airtime: Wed. Oct. 27 2010 | 2:15 PM ET
Pimco’s Bill Gross tells CNBC why he thinks we’re in a liquidity trap.

Airtime: Wed. Oct. 27 2010 | 2:15 PM ET
Pimco’s Bill Gross tells CNBC why he thinks we’re in a liquidity trap.

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.

CNBC’s Rick Santelli discusses how the market reacted to the Fed decision, with Bill Gross, PIMCO co-founder; Kenneth Heebner, CGM Realty Fund; and CNBC’s Bob Pisani, Erin Burnett and 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.

Finally, as he waits for a meaningful Vegas turnaround, Steve Wynn pokes fun at the measurements some analysts and executives use to gauge a company’s success—in short, he mocks EBITDA. “As if depreciation doesn’t exist.”

Insight on employment and the markets, with Rich Bernstein, Ian Bremmer, Eurasia Group and Nouriel Roubini, Roubini Global Economics and NYU Stern School of Business.

Discussing the SEC’s landmark case against Goldman Sachs, with Andrew Ross Sorkin, NY Times; Jim LaCamp, Microportfolio Advisors; Joseph Grundfest, former SEC commissioner and CNBC’s Kate Kelly.