What the Pros Say: Investing Tips after Lehman Fall
The only remaining 'bad' financial stocks out there are AIG and Citigroup, Johannes Minho Roth, partner & founder of FiveT Capital said. But if those two manage to shore up their balance sheets there could be buying opportunities in defensive stocks as the number of writedowns dwindle, he added. (See accompanying video.)
Where Financials Are Headed
The financial sector could see a bottom or something close to a bottom on Monday, Arthur Hogan, managing director at Jeffries, told CNBC.
Buy the Dollar on the Dips
The dollar's weakness will be short-lived, according to Hans Goetti, Asia Pacific CIO at LGT Bank in Liechtenstein. (See accompanying video.)
Safety in Metals
There will be a return to precious metals, thinks Peter McGuire, MD at Commodity Warrants Australia.
At Risk in Asia
South Korea, India, Taiwan, Indonesia, Thailand and the Philippines are the most at risk in the current volatile market conditions. Peter Redward, head of research for emerging Markets, Asia at Barclays Capital tells CNBC why.
The only remaining 'bad' financial stocks out there are AIG and Citigroup, Johannes Minho Roth, partner & founder of FiveT Capital said. But if those two manage to shore up their balance sheets there could be buying opportunities in defensive stocks as the number of writedowns dwindle, he added. (See accompanying video.)
Where Financials Are Headed
The financial sector could see a bottom or something close to a bottom on Monday, Arthur Hogan, managing director at Jeffries, told CNBC.
Oil Heading Toward $80
"You've seen a lot of the speculative money go out of oil. Oil was the perfect hedge against the falling dollar," Cornelia Meyer, independent energy expert said on why the price of oil continues to fall, despite Hurricane Ike's devastation.
Hedging the Financial Selloff
One of the major firms recommended to their clients that they buy as many financial puts as they can on Friday, Joe Kinahan, chief derivative strategist at ThinkorSwim, told CNBC. "Those people are going to make a lot of money," Kinahan said.
