Faced with the threat of massive bond defaults, state and local governments have taken proactive steps to deal with their problems and are thus likely to avoid disaster, investor Wilbur Ross told CNBC.
"The rules of the game changed in really 2007, 2008 and 2009, and everybody is trying to figure out how they adapt to that environment," Raymond said.
Plus, a call on the energy stocks.
The markets opened higher, but the Dow rally of 175 points was denied. But our traders see some positives in it all.
The massive oil spill in the Gulf of Mexico has sparked more talk of a move to clean energy, and billionaire energy investor Boone Pickens, founder of BP Capital Management, is among those calling for action.
Both the S&P and Dow closed higher on Wednesday after investors rushed into the market late day and gobbled up stocks. Why now?
Sellers dominated May with the Dow's total monthly loss totaling 8%; that's the worst May drop since 1940. Are we in for a cruel summer?
It was a nasty morning on Wall Street but by afternoon gray skies turned to blue and the S&P inched its way into positive territory. What's going on?
No selling in May today. How should you ride this bull?
Google slid lower in extended trade Thursday, despite earnings that topped expectations. What happened?
Strong results from Intel and CSX powered Wednesday's rally, however it’s JPMorgan that may present the best trading opportunities.
Call activity surged in EXCO Resources yesterday as investors got long the oil driller before an analyst meeting later in the month.
Cramer makes the call on viewers' favorite stocks.
Nearly 1.3 billion shares and $14 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
If anyone knows how investors can make big money from small-cap companies, it's Mark Keeley. His five-star Keeley Small Cap Value Fund is up an average of 23.7 percent per year over the last five years, and it even shows a 1 percent gain in this troubled year.
The bottom: If not now, when? It's the question that traders, fund managers, analysts and investors were all asking, all week.
The oil patch's most famous investor admits he got it wrong. Just weeks after predicting an imminent slide in oil prices, Boone Pickens now sees the price of a barrel of oil holding around a hundred dollars for the rest of the year.