Now is the time for long-term investors to jump in and build a portfolio of recognizable, brand-name companies, Robert Pavlik Chief Investment Officer Oaktree Asset Management told CNBC.
So for the past two days the short-term trade has been: fade the market in anticipation of a nonfarm payrolls report below even the loss of 200,000 jobs expected, then go for a modest rally in the middle of the day Friday.
The first 100 days of any new administration brings about considerable change. But this time around, well, hold your hats.
Stocks fell sharply as a layer of uncertainty was removed with the presidential election complete, but anxiety over the economy returned to the market.
I can make excuses for the selloff, if you want: 1) the volume is light, 2) there has been no concerted wave of selling, just buyers walking away, and 3) we have had a rally for the last week and a half and can't expect to go too far.
'My estimates are 30- 70% below the Street and I think I’m still too high,' says Oppenheimer's Meredith Whitney.
Stocks declined Wednesday as a layer of uncertainty was removed with the presidential election complete, leaving the market to return to worrying about the economy.
Senator Barack Obama is now the President-Elect of the USA and one day later, the markets are down over 3%. Is this typical?
We’re doing something a little different here. Following are the month’s biggest losers. Find out which stocks were really roughed up during October!
Stocks ended one of their worst months ever on a high note as signs of further thawing in credit markets lifted battered shares.
These are unsettling times in the financial services industry. But times of transition can bring opportunity for job seekers who can adapt to the needs of the market.
New York Attorney General Andrew Cuomo is demanding information about executive compensation and bonuses at nine banks that have received federal funds under TARP, the U.S. Treasury's Troubled Asset Relief Program.
If you blinked in the final minutes of trading today, you probably got the story wrong. The final hour of trading has become known for its wild swings, but outdid itself this time: After being up about 250 points at 3:54 p.m., those gains evaporated and the Dow Jones Industrial Average ended down 74.16, or 0.8 percent, at 8990.96.
Cramer makes the call on viewers' favorite stocks.
Stocks bounced higher on Tuesday, with the Dow surging almost 11 percent to close back above 9,000...
The Dow Jones Industrial Average rallied 889.35 points marking its second biggest point-move ever. Today's 10.88% jump in the Dow qualifies as the seventh largest percent gain in its history.
Despite the fact that government programs like the Corporate Paper Funding Facility and the capital infusion into banks has now become real, buyers are still not motivated—and little bomblets of liquidation still lurk out there.
The markets end the week in negative territory as all major indexes lost 5% or more for the week. The Russell 2000 brings up the rear losing over 10% for the week.
Stocks ended the day significantly lower but avoided a catastrophe, as an orderly selloff staved off what some thought would be a massive market capitulation.
Next week is expected to mark the start of the US economy’s entry into recession and the end of the Fed’s conventional monetary policy.