Despite all the derivatives, options and short-selling strategies that Wall Street has at its disposal, investing’s first maxim – buy low, sell high – is what drives Mad Money. That’s why Cramer is constantly hunting for out-of-favor stocks and sectors on the verge of a move. The less the market likes a company, the lower [...]
The U.S. economy isn’t likely to recover until “well into 2010,” Wilbur Ross, chairman and CEO of WL Ross & Co., said Monday.
“The consumer still has not been rehabilitated” and that’s the big problem halting the return to growth, given that the consumer used to be almost 70 percent of the U.S. economy, Ross told [...]
While media coverage may be reflective, Cramer said Friday, investors need to be predictive. Instead of simply reading today’s headlines, they need to figure out what the headlines will be six months from now. That’s the strategy he employed as a hedge fund manager, and he tries to teach viewers how it’s done on Mad [...]
We have been treating the wrong patient, as the problem we have in credit creation is solely in the secondary markets, notes Robert Albertson, principal & chief strategist at Sandler O’Neill & Partners. He tells CNBC’s Martin Soong more.
David Morgan, founder of Silver-Investor.com, says technical selling didn’t come into the market when gold prices broke the 50 day moving average, so futures will continue to climb.
WASHINGTON (Reuters) – U.S. consumer spending rose last month for the first time since February as government stimulus pushed incomes sharply higher, the Commerce Department said on Friday, supporting the view the economy was close to pulling out of recession.
Jack Bouroudjian, of the Brewer Investment Group, and CNBC’s Rick Santelli share their analysis of today’s [...]
(cnbc.com) Shopper at Talbots
AP
Shopper at Talbots
U.S. consumer confidence rose in June to the highest since February 2008, as expectations grew that the worst economic recession since the Great Depression may be ending, a survey showed Friday.
The Reuters/University of Michigan Surveys of Consumers said its final index of confidence for June was at 70.8 from 68.7 [...]
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