Roach on Economy & Investing
Airtime: Fri. Sept. 17 2010 | 1:45 PM ET
Where the economy is headed next, with Stephen Roach, Yale University professor and Morgan Stanley non-executive chairman.
Airtime: Fri. Sept. 17 2010 | 1:45 PM ET
Where the economy is headed next, with Stephen Roach, Yale University professor and Morgan Stanley non-executive chairman.
US unemployment claims fell last week, suggesting the battered labor market is recovering but only slowly, the Labor Department said on Thursday. Jim Iuorio, of TJM Institutional Investors; Jerry Webman, of Oppenheimer Funds; Andrew Ross Sorkin, of the NY Times; and CNBC’s Steve Liesma discuss.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
The problems banks have with mortgages will take a long time to be solved and bank stocks are not attractive despite the recent drop in price, Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday.
Should water stocks by part of your investment diet? Deane Dray, of FBR Capital Markets, shares her insight.
Toronto-based minder Barrick Gold posting better-than-expected earnings, with Aaron Regent, Barrick Gold CEO.
Why Chinese leaders are committed to strengthening the global recovery, with Timothy Geithner, Treasury Secretary.