Stocks opened higher on Tuesday with bank stocks rising as some of the nation's largest institutions poised to repay government bailout money. Ten banks are set to repay capitalthey received through the Troubled Asset Relief Program. The companies are expected to give back some $68 billion, about twice what the government expected. Read and listen to what the experts had to say...
Short and Build Cash on Junk Companies
“If Fed rates continue up much further, it will have a significant effect on the equity market,” said Harry Rady of Rady Asset Management. He said the equity market is vulnerable and there are many opportunities to short and build cashon second and third tier "junk" companies.
US Will Be ‘First Out of Trouble’
The U.S. market was “first in trouble and will be first out of trouble,” said Brian Belski of Oppenheimer. He said America's economy and markets are at least 12 to 18 months aheadof other markets, with respect to the recovery in terms of fiscal and monetary policies.