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.
Sun Microsystems founder Bill Joy, who is currently with VC firm Kleiner Perkins Caufield & Byers, tells CNBC he has turned his focus from computer power to solar power.
Discussing whether President Obama is doing enough for small business owners, with Simon Denyer, Reuters and Bernard Whitman, Democratic pollster.
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.
Discussing whether the slow and steady rally is the key to more stock gains to come, with Mike Rubino, Rubino Financial; Scott Redler, T3live.com and CNBC’s Bob Pisani.
Discussing key pieces of economic data, with David Kotok, Cumberland Advisors, and Michelle Meyer, BofA Merrill Lynch Global Research.
June personal income unchanged and other data, with CNBC’s Rick Santelli & Steve Liesman