Stocks ended flat on Monday as a late rally fizzled after the Supreme Court issued a stay, temporarily halting the sale of Chrysler to Fiat. Stocks had staged a late rally as financials bounced back; they were lower for much of the day, as last week's jobs report spurred worries that the Federal Reserve may raise rates at its next meeting. Read and listen to what the experts had to say…
Obama’s Stimulus: A ‘Sugar Rush’
A lot of the government’s stimulus money so far represents a “sugar rush” and markets have been moving up on this, said Roben Farzad of BusinessWeek. He said the stimulus is not a cure, but is only a temporary pain reducer.
Bull Market Back by August
Stocks will trade sideways or lower over the next 1 to 2 months — but the next leg of the bull market will return by August, said Bob Parker of Credit Suisse. With further good signs of economic recovery, “we will see 10-year Treasurys close to 4 percent in the near term,” he said.
‘Bigger Gov’t Doesn’t Equal Economic Growth’
We have lost more than 1 million jobs since the stimulus was signed, said Daniel Mitchell of the CATO Institute. “Making government bigger is not the recipe for economic growth,” he said. Instead, the stimulus destroys jobs by taking money away from productive sectors of the economy.
FDA to Approve New Inhalant Insulin Drug
The firm is one step away from gaining FDA approval of our new inhalant insulin diabetes drug, said Alfred Mann, CEO of MannKind. He said it has the potential to change how diabetes is treated throughout the world.
The Smartest Phone..?
Palm’s Pre, Apple’s iPhone, or Research in Motion's Blackberry? Click to find outwhich smart phone Lance Ulanoff of PC Magazine likes the best.
Crude at $100 By Year-End
Things are getting less bad and we’re moving toward a world economic recovery—that will be the story of 2010, said Allen Sinai of Decision Economics. He expects crude oil to rise to $100 by year-end on Asia’s economic robust recovery.
Dollar To Continue Upward Rise
Based on global economic data, the U.S. dollar should continue strengthening this weekcompared to many of the major currencies, says Licia Kok of United Overseas Bank Group.
Rally Could Break Bear Market
James Barty of Arrowgrass Capital Partners said this will probably be the rally that but it won’t bring a strong economic recovery because of “enormous amounts” of economic headwinds.
Banks Shouldn’t Rush to Return TARP
Carl Levinson, former senior executive of Citigroup, said it is too premature for banks to start returning the TARP money and there is nothing wrong with waiting another one or two quarters. "I think the first-quarter earnings were overstated through trading profits,” he said.
Goldman, JPMorgan May Get OK to Repay TARP
CNBC's Companies in the News:
- Citigroup $58 Billion Stock Swap Coming this Week