Wall Street's Tax Expert
Airtime: Fri. Aug. 27 2010 | 7:07 AM ET
Insight on the expiration of the Bush tax cuts, with Andrew Friedman, former partner of Covington & Burling, and Tony Crescenzi, PIMCO.
Airtime: Fri. Aug. 27 2010 | 7:07 AM ET
Insight on the expiration of the Bush tax cuts, with Andrew Friedman, former partner of Covington & Burling, and Tony Crescenzi, PIMCO.
Discussing China’s economy, with Tim Geithner, Treasury Secretary; CNBC’s Erin Burnett; and John Rutledge, Rutledge Capital.
Eric Cinnamond, of Intrepid Capital Funds, shares his favorite small cap stocks picks.
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.
Gold is rapidly approaching the $1,300 mark, and James DiGeorgia, publisher of the “Gold & Energy Advisor,” says this is just the beginning of the bullion breakout.
Australian PM Kevin Rudd has quit and his deputy, Julia Gillard has been elected as the country’s first female PM. Colin Whitehead, analyst at Fat Prophets & Colin Chapman, Asia Pacific VP at Strategic Forecasting, assess this news, with CNBC’s Karen Tso, Bernard Lo, Sri Jegarajah & Matthew Taylor.
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.