Alan Landau, CEO of Novel Asset Management, introduces the firm's new fund, which invests primarily in natural-colored diamonds.» Read More
Four observations: 1) Markets rallied midday on comments from Mr. Trichet in Europe-he said they would "take appropriate decisions at any time." Traders interpret this to mean that Mr. Trichet is now clearly in the rate cut camp, and to providing "unlimited" liquidity.
Now What? Traders are holding out hope for capitulation. That could come anytime, but it doesn't have to be this week or even next week. The big fear? The snow balling affect of fund redemptions will keep the selling pressure on.
Due to the Yom Kippur holiday tomorrow, a number of retailers are reporting September same store sales a day early. In general, discounters (ex-Target) outperformed, so Wal-Mart, Costco BJ, and Fred's all did fairly well.
The Federal Reserve led a global interest rate cut Wednesday along with the central banks of the UK, European Union, Switzerland, Sweden, and Canada.
After closing at 1029, S&P Futures traded as low as 962 until the early morning, then rallied to as high as 1043 when the coordinated rate cut of half a point was announced, then moved all the way back down.
Stock markets around the world continued to tumble. As investors bail out of stocks, where can investors look for more safety?
Nearly three weeks ago, regulators abruptly banned short sales of financial stocks to protect companies that had come under siege in the stock market. Short-sellers, critics said, had contributed to the declines by betting against the companies’ shares, the New York Times reported.
But that doesn't mean you can't learn some important lessons from the past. Carmen explains some simple truths to remember in this madness.
Stocks fell apart going into the close. For those watching technicals, we took out yesterday's lows. So what's the issue?
How discouraging was today's midday drop to traders? "Why even play?" one trader said to me. "This is what I call the 'P. Diddy market'...You'd save money by doing the Diddy: renting a yacht, and sailing it full of party people, come back in a month or two, and you would have saved money." Cynical, huh? But that's the way the Street has become...
Inflation backlash?! That's what Rob Lutts predicts. So the founder and CIO of Cabot Money Management suggests preparing an anti-inflation strategy: gold ETFs and stocks.
Financial stocks continue to take a beating, but Anton Schutz, portfolio manager of Mendon Capital, sees opportunities in financials with “too much capital.”
S&P's Sam Stovall says history points to an 18 percent market bounce in six months. The chief investment strategist told CNBC of his "Moses movement" scenario — and the sectors that will lead the recovery.
Google's new tool is great for ill-conceived emails ... articles too?
It may not be the bottom -- but it's *enough* of a bottom to get back into the market, says Scott Redler, chief strategic officer at T3live.com.
The new fed facility to buy commercial paper is a HUGE move in increasing liquidity in the marketplace. Also important: they are buying 3-month paper, a longer term than most commercial paper, so less rollover pressure.
Michael Yoshikami, president and chief investment strategist at YCMNET Advisors, says if we haven’t hit the market bottom already, we’re at least two-thirds of the way there.
Despite a belief that lowering rates may not do much, most traders disagree. Cutting rates is an attempt at reflation, and at this point that has become a major concern. Paying interest on reserves--which the Fed is now doing--is also a form of lowering rates.
The stock market is as oversold as it has been since the crash of 1987 and the broader market could be start to rebound until early next year, Marc Faber, editor and publisher of the Gloom Boom and Doom Report, said Tuesday.
Melissa's got one-third of her investments tied to the market. Can she count on seeing them when she retires in 15 years?