Jim Cramer has strongly endorsed President Obama's choice of Janet Yellen to be the next Federal Reserve chairman.
Activist investor Carl Icahn revealed his bet against the high-yield market, and that he worries about the Fed's effect on stocks.
The S&P sectors leading the market rebound are the same groups that led the decline: Materials, energy and industrials.
Art Cashin of UBS Financial Services says oil above $82 is supportive of the market, helping major averages recover.
New York Fed failed to head off JPMorgan risks due to over reliance on certain employees that left the agency.
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