Morgan Stanley's Roach on Global Economy
Airtime: Mon. Jun. 7 2010 | 11:43 AM ET
Insight on the global economy with Morgan Stanley Asia Chairman Stephen Roach.
Airtime: Mon. Jun. 7 2010 | 11:43 AM ET
Insight on the global economy with Morgan Stanley Asia Chairman Stephen Roach.
Insight on the European debt crisis and world markets, with Mohamed El-Erian, PIMCO CEO & co-CIO,
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.
Mohamed El-Erian, of Pimco, discusses the “new normal” and what’s next for the markets.
John Whitehead, former co-chairman of Goldman Sachs, shares his market insight and economic outlook with CNBC.
Fmr. Federal Reserve Board Governor Randall Kroszner shares his thoughts on what the Fed’s exit strategy should be.
CNBC’s Rick Santelli has the breakdown of the economic data and analysis with Tony Crescenzi, Pimco senior VP/market strategist & portfolio manager; Barry Knapp, Barclays PLC head of U.S. portfolio strategy; Frederic Mishkin former Federal Reserve Board governor and CNBC’s Steve Liesman.