Well folks, Jon Corzine, former New Jersey governor and head of MF Global, made what in our world is called a bad trade. He bought the PIIGS and sold France against it, essentially doing to Man what he did to the Garden State. Only this time, there is no Chris Christie to come to the [...]
<object id=”cnbcplayer” height=”380″ width=”400″ classid=”clsid:D27CDB6E-AE6D-11cf-96B8-444553540000″ codebase=”http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0″ > <param name=”type” value=”application/x-shockwave-flash”/> <param name=”allowfullscreen” value=”true”/> <param name=”allowscriptaccess” value=”always”/> <param name=”quality” value=”best”/> <param name=”scale” value=”noscale” /> <param name=”wmode” value=”transparent”/> <param name=”bgcolor” value=”#000000″/> <param name=”salign” value=”lt”/> <param name=”flashVars” value=”startTime=000″/> <param name=”flashVars” value=”endTime=000″/> <param name=”movie” value=”http://plus.cnbc.com/rssvideosearch/action/player/id/3000053961/code/cnbcplayershare” /> <embed name=”cnbcplayer” PLUGINSPAGE=”http://www.macromedia.com/go/getflashplayer” allowfullscreen=”true” allowscriptaccess=”always” bgcolor=”#000000″ height=”380″ width=”400″ quality=”best” wmode=”transparent” scale=”noscale” salign=”lt” src=”http://plus.cnbc.com/rssvideosearch/action/player/id/3000053961/code/cnbcplayershare” [...]
Well, folks, we didn’t quite make that 500-point gain in the Dow yesterday, but we did see one of the biggest moves in equities in quite a while thanks to that perfect storm of events, capping off what appears will be a very, very big month. I was looking at some numbers, and if we [...]
Folks, as I’m sure you’ve seen by now, we are in the midst of a power move. The markets opened with a bang this morning, and early in the session it’s shaping up like it could be one of those days where we close 500 points higher in the Dow. I’m calling this a melt-up [...]
Folks, I’ve been saying for weeks now that the market has been mispriced, and as more and more earnings reports surface, we’re seeing the proof in the pudding. Look at Ford. Boeing. These are hot numbers coming out at a time when a lot of people were concerned we were going to see a slowdown. [...]
Folks, we’re coming up on the end of what has been an exceptionally strong month. In the last few weeks, we’ve seen tremendous moves in equities—the Dow shot up more than 9%, the NASDAQ more than 11% and the S&P more than 10%. After a run like that, we want to see the market stop [...]
Folks, many years ago Mark Haines, the late, great CNBC anchor, gave me the nickname the Optimistic Armenian. I bring that up because as I look at the continuation of Friday’s rally early on in today’s session, I’m seeing a lot to be optimistic about. Last week I told you that if we were able [...]
Folks, the market opened up this morning with a bang. One of the reasons for this is the $1.3T bailout package they’re talking about over in Europe, which would take care of much of what’s ailing their sovereign financial institutions. I’ve mentioned quite a few times that the Europeans have slowly been moving from denial [...]