Trader Talk With Art Cashin 4.13.10
Airtime: Tues. Apr. 13 2010 | 8:50 AM ET
Art Cashin, director of floor operations at UBS, has the buzz from the NYSE.
Airtime: Tues. Apr. 13 2010 | 8:50 AM ET
Art Cashin, director of floor operations at UBS, has the buzz from the NYSE.
Starting today, underwater homeowners will be permitted under a government program to sell their homes for less than they owe and basically force the lender to take the loss rather than foreclose on the home. Shari Olefson, of Fowler White Boggs, and Susan Wachter, a real estate professor at Wharton, discuss.
The environment for a cyclical bull market is in place, says Ajay Kapur, head of equity strategy, Asia at Deutsche Bank. However, he tells CNBC’s Martin Soong and Bernard Lo that this is risky entry point for investors.
The February rally is continuing into March, but how far will it go? Robert Doll, of BlackRock, and Richard LeFrak, of the LeFrak Organization, share their insight.
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 buzz from the NYSE, with Art Cashin, of UBS. 8.13.10
Gold has reached record highs in recent weeks, but it will continue to go much higher in price, Ben Davies, CEO, Hinde Capital said. Davies said he views gold, not as a commodity, but as a cash supplement. Less developed countries will buy gold to increase reserves, he added.