Oil price reaches its lowest level since mid-May and the S&P's chairman comments on the record drop in the home price index. Following are today's top videos:
Hedge Fund Maven Speaks
“This is a market where everyone is searching for liquidity and isn’t necessarily tied to fundamentals. You lose that connection when liquidity is kind of paramount and it’s very hard to predict where asset value go.”
--Phil Duff, Duff Capital Advisors, Hedge Fund Veteran
S&P / Case-Shiller Index
“We are beginning to see some improvements in some places. We are seeing a clear regional divide... [In some regions], what we’re seeing is the sunbelt. That’s where the damage is and it seems to be where the creative financing was.”
--David Blitzer, Standard & Poor, Managing Director/ Chairman
Oil Reaches Lowest Since Mid-May
“It’s just the inflation whip going through the system here and as the dollar rebounds somehow we’re going to see the opposite affect on these commodities…$121 was the level to watch, unfortunately for consumers it has held as we sit here right now. We still need to get a close below it before we can say we’re going to cascade down.”
--John Kilduff, MF Global, CNBC Contributor
Stop Trading, Listen to Cramer!
“The Smith and Dinallo interviews were both very important. The Dinallo interview explains to us why the financials are so strong. He’s got 13 other agreements in the pipeline. So you can just bet if they all act like Merrill Lynch , we’re going to go up. The news that Smith brought was that no one is looking at the Lone Star side. I can’t stress enough that Lone Star got the better of Merrill.”
--Jim Cramer, CNBC's Mad Money
Maria's Market Message
“Earnings from Comcast , Disney and Starbucks may set the tone for markets on Wednesday, Tuesday night. But it was a big drop in the price of boosting stocks on Tuesday night, crude oil falling 2 percent-- ending the session at $121.84 a barrel. Oil prices are now at their lowest level since May 6th, down about 15 percent from the all time highs of $147.”
--Maria Bartiromo, CNBC's Closing Bell
