The European and U.S. stimulus plans are not going to help economies which are relying on wide current account deficits and which are now hemorrhaging capital, Ian Harnett, European strategist at Absolute Strategy Research, said Wednesday.
On Tuesday investors were asking one another if they agree with Barton Biggs. That is, are we really in for the mother of all bear market rallies?
Cramer spoke with Eric Schmidt, the CEO of Google who is part of Obama’s transition economic advisory board about this new team and what they’ll do.
Do you want to know why the stock market was up 396 points today (this on top of Friday's 494 point rally)? Cramer says it's simple.
The U.S. government's plan to inject $20 billion into Citigroup seemed to drive a stock market rally Monday — but failed to reassure analysts overall. CNBC canvassed the experts for their outlooks: Despite the uncertainty, one strategist says financials will lead the recovery — and another sees hyperinflation as the real danger ahead.
Middle East countries can cope with the financial turmoil better than many other countries as they have the cash to survive and even invest, Sameer Al Ansari, CEO at Dubai International Capital, told CNBC Monday.
The developments show how the global financial crisis has torn through the Arab Peninsula, until recently thought immune due to massive sovereign savings and earnings from energy exports, with almost the same violence as in Europe and North America.
There's one specific decision, Cramer believes, that President-elect Obama can make that would have immediate positive effects and "restore stability and credibility to our stock market" -- without costing a dime! It could even stop the "endless incredible pummeling of stocks." What's this miracle move, you ask? Simple: he should replace SEC Chairman Chris Cox.
This, as you know, has been Green Week at CNBC and we've been focusing a lot on alternative energy. Unfortunately, this movement has about-faced in just a few short months, owing to gas prices dropping and "hedge funds gone wild." Many are now more worried about keeping their jobs and retirement savings than about investing in wind farms, electric cars and cleaner fuels. Cramer's last look this week at a green company is Owens Corning, aka "the pink panther," in reference to its insulation business.
Cramer is just as frustrated as you are with this topsy-turvy market in which "stocks just fall and then keep falling." How long can the market keep dropping? Even with today's 494-point rally -- for which Cramer is thankful -- the week still ended down 5.3%. What gives? Cramer's explanation for this phenomenon: people need cash, and they need it now.