Pollution persists. From one day to the next we continue to see similar stories in the news, yet hope for a different outcome. The reality of the financial condition faced by Europe (and to a far lesser degree the U.S.) is similar to that of environmental pollution, which is to say that anything short of a permanent and complete solution does not restore confidence. Clearly, this is evidenced by the amount of volatility seen in the markets since the beginning of the CNBC Million Dollar Portfolio Challenge, with the well-timed use of levered ETFs being an effective way of capitalizing upon such movement.
Stocks erased most of their gains to close mixed in a thin-volume session Tuesday, following a report that no deal has yet been reached on Greece and investors waited for the outcome of a two-day meeting of the Fed on interest rate policy.
Stocks opened slightly higher, once again following Europe’s lead—but this time to the upside. European markets are up 1 percent to 2 percent this morning, shrugging off S&P’s downgrade of Italy’s sovereign debt last night.
A "no" to euro bonds—but likely only for the moment. Ahead of the Sarkozy-Merkel meeting Tuesday, the Germans, predictably, are pushing back on the idea of issuing euro bonds (bonds guaranteed by all the euro zone countries)...but don't kid yourself: that's the direction the euro zone is moving.
Ralcorp, the owner of Post cereals, has hired two proxy solicitors as it plays defense against unsolicited bids from rival ConAgra, according to a person familiar with the matter.
Consumer Staples are on the move and gaining ground on earnings and deal news, many hitting multi-year highs.
Investors dumping these kinds of companies might regret it, the "Mad Money" host said.
On Wednesday, the board of Ralcorp again spurned ConAgra’s unsolicited take-out offer, this time for $86/share. Will ConAgra go much higher?
Ralcorp Holdings has rejected a $4.9 billion, all-cash takeover bid Wednesday from consumer food company ConAgra Foods.
Have bulls pushed the S&P so high, it's reached levels that are not well supported by economic fundamentals?
Following a flurry of takeovers, Cramer explains why more deals are likely.