Morgan Stanley Chief Executive John Mack said Thursday the current financial crisis is like nothing he's ever seen before, and it will take time for firms to deleverage.
Yes, the market on Wednesday tested last week's lows, but a lot has changed since then, Cramer said. You might want to put some money to work.
When oil prices go down sharply, energy stocks underperform. This is the simplest--and most direct explanation for the decline.
Byron Wien, Pequot Capital Management's Chief Investment Strategist, is optimistic enough about the market to see "opportunities in every sector," including financials, which will benefit from an "enormous number of policy moves."
The chief executives of the nine largest U.S. banks trooped into a gilded conference room at the Treasury Department at 3 p.m. Monday. To their astonishment, they were each handed a one-page document that said they agreed to sell shares to the government, the New York Times reports.
Regulators have stepped up calls since the collapse of Lehman Brothers last month for more supervision of the $55 trillion credit derivatives market to improve its safety and transparency.
While still wildly volatile, the stock market may be ready to start paying attention to what normally drives it - earnings and economic news.
That most recent of bailout plans does more than just save us from another Great Depression. Cramer explains.
"I think we’re clearly becoming socialist," says an irate Jeff Macke on Fast Money. "The only bank stocks to own are..."
Stocks ended lower as hoopla over the government's plan to buy stakes in the nation's largest financial institutions died down and worries about earnings crept in. The Dow ended down just 75 points after swinging in an 850-point range. The tech-heavy Nasdaq lost 3.5 percent.
The government is starting to purchase stakes in financials, so should investors follow suit? Michael Cuggino, manager of the Permanent Portfolio Fund, says yes.
As of about midday on Tuesday, the markets have swung between being positive, negative and flat for the day. Which companies are withstanding the volatility and sustaining their gains since Friday's close?
The US government outlined three new initiatives to aid financial institutions amid a historic credit crunch that has frozen lending around the world.
Today, the US Treasury, the Federal Reserve, and the FDIC announced measures to stabilize the financial markets, to build capital to increase the flow of financing to U.S. businesses and consumers, and to support the U.S. economy.
Stocks shot out of the gate Tuesday, a nice chaser to the Dow's biggest one-day point gain in history, after the government announced a plan to buy stakes in the nation's largest financial institutions.
Wall Street looked set for another rally Tuesday, after the Dow recorded the biggest one-day point gain ever on Monday, as world markets continued to surge.
The US government will 1) take a $250 billion equity stake in the form of preferred shares which cannot be redeemed for three years, 2) guarantee bank-to-bank lending, and 3) remove deposit insurance levels for non-interest bearing accounts.
Asian stocks surged, with Japan's Nikkei finishing 14% higher Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.
The best stock market day in 75 years will no doubt be followed by a less enthusiastic Tuesday session. But the good news is the international effort to thaw the credit freeze may have finally given the markets at least a temporary jolt of confidence.
With officials suggesting that the government will likely buy bank stocks soon, should you beat them to the punch?