Economic Data: Retail Sales, CPI
Airtime: Fri. Aug. 13 2010 | 8:30 AM ET
Parsing today’s economic data with John Brady, of MF Global, and CNBC’s Rick Santelli.
Airtime: Fri. Aug. 13 2010 | 8:30 AM ET
Parsing today’s economic data with John Brady, of MF Global, and CNBC’s Rick Santelli.
Morgan Stanley CFO On The Economy
David Letterman Goldman Sachs Top 10
Warren Buffett answers questions about the rating agencies before the Financial Crisis Inquiry Committee. The Commission is holding a hearing entitled “Credibility of Credit Ratings, the Investment Decisions Made Based on Those Ratings, and the Financial Crisis.”
Ray Dalio, founder & CIO of Bridgewater Associates, runs the world’s largest hedge fund with $89 billion under management, returning more for the fund’s investors last year than Google, Amazon, Yahoo and eBay combined.
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.
Retailers may be on the shopping list for private equity firms, with Brian Sozzi, Wall Street Strategies research analyst.