Wilbur Ross' Latest Announcement
Airtime: Wed. Jul. 14 2010 | 7:38 AM ET
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.
Airtime: Wed. Jul. 14 2010 | 7:38 AM ET
Wilbur Ross is back on the prowl expanding his investment empire, with Wilbur Ross, WL Ross & Co. chairman & CEO and Mac Crawford, former CVS Caremark chairman.
John Whitehead, former co-chairman of Goldman Sachs, shares his market insight and economic outlook with CNBC.
Bob Doll, vice chairman of BlackRock, tells CNBC where investors should be putting their money to work this week.
Tom O’Brien, editor of The Gold Report, expects a $200 pullback in gold, and Brian Hicks, of US Global Investors, thinks the commodity could soar to $1,500. They go head-to-head on CNBC.
Investors are also watching those retail chain store sales numbers coming in, with CNBC’s Jane Wells
Asian nations need more involvement in the G20 policy decisions, but that could happen when the Republic of Korea takes over as group chair, Robert Kimmit, former US Deputy Treasury Secretary, told CNBC Thursday. Philippa Malmgren from Principalis Asset Management joined the discussion.
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.