Today's Top Videos: Palin, Pimco's Gross & More...
"There is no bull market!" says Bill Gross while GOP vice-presidential nominee Sarah Palin's powerful speech at the Republican National Convention on Wednesday night impresses Republicans and many swing voters. Following are today's top videos:
Where's the Bull, with Bill Gross
“There is no bull market and that’s where Jim [Cramer] and I have a debate going forward here. There’s no bull market and bond stocks, real estate and now commodities are affected because the global economy and the global financial market place is de-levering.”
--Bill Gross, CIO, PIMCO
Republican Convention Recap
“I thought [Sarah Palin] was quite effective last night, she gave the Republicans exactly what they needed. They wanted to see somebody with poise, confidence, star power and some fight to her, that was very important part of the speech to Republicans. We’ll see how it plays with the swing voters over the next few days.”
--John Harwood, CNBC Business News
Lessons from Bear Stearns
“Lehman Brothers’ fate is murky at best. We don’t know if it’s going to sell their investment management business, we don’t know if it will get money from outside investors and it’s unclear if it’s going spin off bad debts into a separate company, but it could have been far worse for Bear Stearns and it could have been far worse for Lehman Brothers.”
--Charlie Gasparino, On-Air Editor, CNBC Business News
Stop Trading, Listen to Cramer!
“One of the things that Bill [Gross] has done is that he’s basically said: 'If you don’t put $400 or $500 billion treasury, or if we don’t find someone, you’re on your own!' You’re dealing with Pimco. Pimco is the best. This is the buyer who knows more about the market than anyone else.”
--Jim Cramer, CNBC’s Mad Money