“Buy Low. Sell High. And don’t get them confused!” There are few more important rules for investors. I’m struck once again by the faithful Pavlovian response of those who were hating stocks as they dipped briefly into Bear Market territory and now, after a 14% gain (in the S&P 500), are waving their bidding paddles and fanning their short-term gains.
CNBC's David Faber, Jim Cramer and Carl Quintanilla break down today's market moving headlines, including Europe's 50 percent haircuts on Greek debt, a leveraged EFSF, and what today's GDP report reveals about the economy.
European leaders finally agreed on the outlines of a rescue, and risk is back on big time — it's time for your FX Fix.
A deal that imposes 50 percent losses on private sector bondholders means Greece's debt burden will be sustainable, Greek Prime Minister George Papandreou said on Thursday.
Olivier Desbarres, director and head of FX Strategy, Asia-Pacific ex Japan, Barclays Capital, discusses whether the announcement coming out of the European summit will be sufficient to strengthen the euro.
"I'm a great optimist in life," the man known as Dr. Doom told CNBC Wednesday. "Otherwise I would commit suicide in view of the kind of governments we have nowadays."
As markets have been rebounding on euro hopes, the eurozone leaders have been debating a plan that should satisfy the financial markets. The hope is futile. A comprehensive plan does not exist. The eurozone crisis will get worse before it will get better.
Negotiators remain divided, however, on the issue of what will happen to the remaining 50 percent of the current outstanding 205 billion euros ($284.9 billion) of debt load.
The yen's on a roll, and it's Europe Day again - time for your daily FX Fix.
With France's economic growth outlook fast deteriorating, President Nicolas Sarkozy increasingly has little choice but to launch a new round of belt-tightening six months from a presidential election.
Congratulations and commiserations: next week, you will take up one of the most important central banking jobs in the world; but you will also bear a frightful responsibility. The FT reports.
Premium hotels are doing surprisingly well thanks to visitors from the US and BRIC nations. CNBC takes a look at fourteen of the grandest hotels in Europe.
Eurozone leaders were struggling on Tuesday to reach agreement on a much-anticipated deal to reverse their spiralling debt crisis amid mounting signals a definitive agreement would not be reached at a key summit on Wednesday night. The FT reports.
Fredric Tomczyk, TD Ameritrade CEO & president, explains how volatility in Q3 helped TD Ameritrade's business. He also shares his sense of investor sentiment right now given the constant headlines out of Europe.
Though financial institutions are not yet turning away customers at the door, they are trying to discourage some depositors from parking cash with them. NYT reports
With all the uncertainty in Europe, how should you trade the euro? Willie Williams, director of global macro sales at Societe Generale, discusses the currency trade.
The European situation is resembling a chronic disease, says Roger Altman, Evercore Partners, who says there will not be a sudden solution, like the Fed did with the U.S. financial crisis.
As European leaders ready themselves for another summit on the euro zone crisis, one economist said that the critical situation in Greece should be dealt with by focusing on growth instead of debt.
The countries that will have the most success in weakening the real value of their currencies "are likely to flourish better or at least suffer less than others," author Andrew Smithers wrote.
CNBC's Silvia Wadhwa has the story on whether there is any solution in site for Europe's trouble.