China’s Catch 22 on the US Dollar

China is estimated to have currency reserves of two trillion dollars, but the bulk of it is tied up in US markets.
Caught in a “dollar trap”, it has little choice but to buy more and more US government bonds to keep up the value of the dollar and hope a US recovery takes place – [...]

Cramer – Apple (APPL) Upgrade by Morgan Stanley

Huberty raised her target price to $180 from $105 for the next 12 to 18 months.  Cramer likes Skyworks who makes the chips for iPhone.

FTSE to Fall to 4,000

The FTSE-100 looks set to fall back to 4,000 points over the next two weeks, which is in the middle of its recent trading range, Nicole Elliott from Mizuho Corporate Bank told CNBC Tuesday.

Bondholders Expect GM to File Bankruptcy

GM bondholders expect the company to file for bankruptcy after its bond offer expires, reports CNBC’s Phil Lebeau.

S&P/Case-Shiller Home Prices

The data shows home prices fell at the fastest rate ever in the first quarter. Insight with David Blitzer, Standard & Poor’s managing director/chairman.

Home prices are still crashing as the S&P Case Shiller Index reports a bigger than expected drop in its March home price index, reports Diana Olick; with Danielle Babb, The Babb Group; [...]

Schiff: Sell US Stocks, Bonds, and Dollar

Sell U.S. stocks, sell U.S. bonds, sell the dollar and protect your wealth by going abroad, said Peter Schiff, president of Euro Pacific Capital.

Recovery Will Be W-Shaped

(cnbc.com) – Dean Curnutt, president of Macro Risk Advisors and Alec Young, equity strategist at Standard & Poor’s said they are remaining cautious in the near-term. “People want to see if last week’s pullback holds,” Young told CNBC.

Cramer – Profit Taking is Not Over

The Federal Reserve on Thursday cut its outlook for the economy and predicted greater unemployment. Initial jobless claims for last week fell to 631,000, but that was still higher than the 630,000 expected. And continuing jobless claims reached record levels. Stocks fell as a result, Cramer said, as “people are very worried suddenly about a [...]