CFTC Chairman on Flash Crash
Airtime: Thurs. May 20 2010 | 9:53 AM ET
CFTC Chairman Gary Gensler offers his opening statement on the events that led up to May 6th’s “Flash Crash” to a Senate committee.
Airtime: Thurs. May 20 2010 | 9:53 AM ET
CFTC Chairman Gary Gensler offers his opening statement on the events that led up to May 6th’s “Flash Crash” to a Senate committee.
Euro zone PMI data showed a bigger-than-expected rise in manufacturing and service sector activity in March. Geoffrey Dicks from Novus Capital Markets and Andy Brough from Schroders discuss the outlook.
Jack Welch, author and former CEO of General Electric, discusses the debt threat in Greece and more with CNBC.
The BoJ kept rates on hold at 0.1% and held off on new policy initiatives on Thursday as widely expected. Susumu Kato, MD & chief economist at Credit Agricole Corporate & Investment Bank, assesses its decision, with CNBC’s Oriel Morrison & Maura Fogarty.
Michael Swenson, managing director in 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.
Discussing the politics driving the gold wave, with Robert Reich, UC Berkeley and Sen. Judd Gregg, (R-NH).
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.