Timing the Next Correction
Airtime: Wed. Apr. 7 2010 | 2:00 AM ET
There will be a correction in the stock market “at some point,” Anthony Fry from Evercore Partners told CNBC Wednesday. But it’s unclear when that correction will occur, he added.
Airtime: Wed. Apr. 7 2010 | 2:00 AM ET
There will be a correction in the stock market “at some point,” Anthony Fry from Evercore Partners told CNBC Wednesday. But it’s unclear when that correction will occur, he added.
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.
“The euro is a very credible currency, a currency that has a track record of keeping its value (and) is a major asset for investors,” ECB President Jean-Claude Trichet told CNBC after the central bank left interest rates on hold Thursday.
Rating agencies don’t seem to have many friends these days, with Jerome Fons, former Moody’s managing director.
Discussing the state of employment in New York City, Michael Bloomberg, NYC mayor.
The euro is likely to rally versus the dollar “into the $1.38 resistance area,” Roelof van den Akker from ING Commercial Banking told CNBC Tuesday. Akker also takes a technical look at the Xetra DAX.
Thanks to the cloud computing craze, shares of Rackspace Hosting have jumped 50% over the past three months. The company’s CEO, Lanham Napier, talks to the Fast Money traders about this hot sector.