Trader Talk With Art Cashin 2.22.10
Airtime: Mon. Feb. 22 2010 | ET
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.
Airtime: Mon. Feb. 22 2010 | ET
Art Cashin, head of floor operations at UBS, has the buzz from the NYSE.
Insight on the expiration of the Bush tax cuts, with Andrew Friedman, former partner of Covington & Burling, and Tony Crescenzi, PIMCO.
Debating whether the housing market is recovering, with Susan Wachter, Wharton School of Business and Celia Chen, Moody’s Economy.com.
Discussing whether there is a connection between gold and your health, with Stephen Moore, Wall Street Journal Editorial Board.
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.
G20 finance ministers have thrown out the idea for group tax on the banking sector to pay for future crises, with emphasis instead on new capital requirement rules to keep that sector healthy. South Korea’s finance minister, Yoon Jeung-hyun, tells CNBC’s Chloe Cho what progress was made on “Too Big to Fail.”
James Surowiecki speaks with Michael Mauboussin, the Chief Investment Strategist at Legg Mason Capital Management and the author of “Think Twice: Harnessing the Power of Counterintuition,” about common investment mistakes, how to improve decision-making, and what investors can learn from the recent stock-market woes.