Mario Gabelli's Market Insight
Airtime: Thurs. Oct. 7 2010 | 3:05 PM ET
As investors continue searching for buy signals, Gamco Investors’ Maria Gabelli tells CNBC he uses M&A activity as an indicator.
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Will Gold Replace Currencies?
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.
Wilbur Ross on European Debt Crisis
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
New Short Sale Law
Starting today, underwater homeowners will be permitted under a government program to sell their homes for less than they owe and basically force the lender to take the loss rather than foreclose on the home. Shari Olefson, of Fowler White Boggs, and Susan Wachter, a real estate professor at Wharton, discuss.
