- The First Tradable Rally In Three Weeks
- Stock "Circuit Breaker": Will There Be One?
- Was That The Bottom?
- Watch Value Of Credit Default Swaps Backed By Lehman Bonds
- Uncertainly In Credit Markets Just One Of Key Issues
- Street Despair: No Visibility of Earnings
- Traders Find Their New "Nirvana"?
- Short Sale Ban On Financials Is Over: Make A Difference?
- Paulson To Blame For Late Sell-Off? Read This First
- Why Stock Traders Are Fixed On Bond Market
- Bowyer: Mark To Market Still Lives (Unfortunately)
- Mad Mail: Why Not Shut the Market Down?
- Lightning Round OT: AFLAC, Valero and More
- Lightning Round: Chesapeake, Corning, J&J and More
- Cramer: What’s the Worst-Case Scenario?
- Game Plan: The Crash of '87 Scenario
- Cramer’s Double Secret Borrow-Binge Plan
- Your First Move For Monday October 13th
- History In The Making
- GM Held Talks With Ford Before Turning to Chrysler
- Markets to Fall 20% More at Most: IMF Economist
- G.M. and Chrysler Explore Merger
- Stock Market Crisis: Nation's Mayors Sound Off
- US Banks Keep Pressure on SEC to Deal With Shorts
- Financial Crisis Has Inflationary And Deflationary Potential
- What the Pros Say: Swap Jitters, Bottom Searches
- Viacom Warns of Third-Quarter Profit Shortfall
- US Consumers Lose Faith in Fed Due to Crisis
Trader Talk Video Gallery
CNBC's Bob Pisani reports on the roller coaster day in the markets, live from the floor of the NYSE.
Discussing the volatile session, with CNBC's Bob Pisani, Sharon Epperson, Rick Santelli and the Power Lunch team.
An outlook on the market's declines, with Bill Baldwin, Forbes; Michael Pento, Delta Global Avisors; Bob Reich, UC Berke...
Discussing the market's declines, with Bill Baldwin, Forbes; Michael Pento, Delta Global Avisors; Bob Reich, UC Berkeley...
Discussing the market's declines, with Bill Baldwin, Forbes; Michael Pento, Delta Global Avisors; Jim Awad, WP Stewart A...
The Dow dipped below 9,000 for the first time since August 2003. The CNBC news team has the details.
More Videos
Text Size 
Jul.03
1:46 PM ET
The Bull And Bear Arguments
Posted By:Bob Pisani
Topics:Investment Strategy | Stock Market
Materials this week:
Weatherford down 8.9%
AK Steel down 23%
Freeport McMoran down 7.0%
Alcoa down 7.7%
Monsanto down 6.7%
Bears are arguing that the bear market will not be over until the leadership groups get taken out--energy and materials. Bulls say this is a pipe dream, at least for energy; fundamentals for this group only get better in the second half of 2008 and into 2009.
Next week, Alcoa report Tuesday. Key points:
--Aluminum prices relatively strong
--North America slower, Asia still strong
--Big issue: power consumption (30%-40 percent of costs)
This week: Dow down 0.5 percent
Transports down 4.7 percent
NASDAQ down 3.0 percent
S&P 500 down 1.2 percent
related content |
Questions? Comments?
© 2008 CNBC, Inc. All Rights Reserved
Del.icio.us
Digg ItPermalink:
/id/25516966
MORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes