Friday may not see another monster stock market rally, but stocks are tilting positive as markets face the quarterly expiration of futures and options.» Read More
In late July, Berkshire Hathaway shares were down 25 percent from their December highs and the stock was doing worse than the benchmark S&P 500 for the year. A lot has changed since then.
Here is one small example: two well-known ETFs, the ProShares UltraShort Financials (SKF) and ProShares Short Financials SEF) have been halted. The company will be issuing a statement shortly, but here, I believe, is the problem:
FBR's David Ellison is putting money into financials -- solid, insured, American banks. "Those are going to be the big winners here."
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Remember, it's a quadruple witching expiration (expiration of stock and stock index options, and stock and stock index futures). The S&P 500 options stopped trading at the CLOSE last night, however the settle price is at the OPEN this morning.
Here's the sweet part: it's a quadruple witching expiration!! Options desks are frantic, because everyone has to cover their short calls in financials.
What’s risky? What’s not? Carmen clears up the confusion so you can make the right decisions.
Precious metals still have plenty of upside, two strategists told CNBC. Evaristo Stanziale, senior vice president at SCS Commodities, and Mark Hansen, director of trading at CPM Group, offered their insights into gold and other safe-haven commodities.
Where there was dread, there's now a ray of hope: At least that's how some traders were talking at the end of the day Thursday, after the stock market rocketed 300 points in the final hour, the mirror opposite of Wednesday's frightening performance. Going into Friday, traders say there may be some positive follow-through, based on the course of news from Washington overnight.
(That's Balance Sheet, of course.) As Morgan Stanley, Genworth, State Street, WaMu and others are feeling the squeeze, I feel the need to dispel some myths that are crippling Wall St. and arguably the world.
Now everyone has a plan! We've gone from no ideas to plenty of ideas on how to deal with the current crisis. No less than TWO plans appear to be in the works, and there may be more:
The Dow rallied 250 points shortly after 1 pm ET when the UK government announced they were banning short selling in financial stocks until January, and would require hedge funds to reveal their short positions.
Crises: Lehman, Merrill, AIG, Goldman Sachs and Morgan Stanley. What does it all add up to? Possibly the death of capitalism, says Paul Donovan, senior international economist at UBS.
Mary Jane Matts says it's essential to separate companies and stocks from today's market turbulence -- to find accurate values for them.
The Fed, the European Central Bank, Bank of England, Bank of Japan, Bank of Canada, and the Swiss National Bank are all pumping dollars into the global system. Fed made an additional $180 billion available to central banks to lend out.
The SEC is attempting to throw a curve at short sellers. Chairman Cox is asking the Commission to CONSIDER a disclosure rule that will require hedge funds and other large investors to disclose their short positions.
Uncertainty is likely to continue in the financial sector for at least another two weeks, causing more depression, Ralph Silva, research director at Tower Group, told CNBC on Thursday.
Carmen and our experts answer the questions you're probably wondering yourself about what to do to protect your money.
Carmen's advice if you're a customer of the beleaguered bank.
"Panic" is breeding stock-buying opportunity, says Bill Quinn, chairman of American Beacon Advisors. He offered CNBC his investment advice amidst market turbulence.