Jamie Dimon's Summer 2010 Reading List
Airtime: Fri. Jul. 2 2010 | 1:59 PM ET
A reading list for Summer interns, with the Power Lunch news team.
Airtime: Fri. Jul. 2 2010 | 1:59 PM ET
A reading list for Summer interns, with the Power Lunch news team.
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 bond vigilantes are one by one picking off the weakest countries starting with Greece,” Neil Michael from London & Capital told CNBC Wednesday. The “vigilantes” are telling governments to “get a grip of their public finances,” he added.
President Obama is expected to outline several new proposals aimed at boosting the economy, with CNBC’s Eamon Javers.
Areva announced the acquisition of US-based solar power company Ausra Monday as it launched its new global solar energy business. Anil Srivastava, CEO of Areva Renewables and Dr. Robert E. Fishman, chairman and CEO of Ausra, spoke to CNBC about the deal.
The days of a family expecting to use their returns from investments to fund their retirement or pay for their kids’ college educations are over, says Bill Gross, co-CIO and founder of PIMCO.
Econ Analysis: CPI, Retail Sales,