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The market doesn't know what's going on, says Andersen Capital and Commonwealth Financial CIOsPeter Andersen, Andersen Capital Management CIO, and Brad McMillan, Commonwealth Financial Network CIO, join 'Power Lunch' to discuss the market volatility as it heads into bear territory. The market knows exactly what’s going on. It’s going down. Yesterday was a short cover rally, the selling will continue from here on out no shit. Dead Cat Bounce yesterday
Source: CNBC - 🏆 12. / 72 Read more »
Market sell-off was overdone and economy is strong, says Wells Fargo Global CIOEurope and Asia are slowing down, but 'I don't think the rest of the world can accelerate until the United States stabilizes,' Wells Fargo Global CIO Kirk Hartman said yesterday. He said the economy is strong and for now the U.S. is the place to invest. More biased bullish garbage from cnbc With the mess Wells Fargo had deliberately created, I don't believe I would listen too much of anything which a representative of their organization has to say... Thursday. It’s Sunday. Jeeesh. ReformedBroker
Source: CNBC - 🏆 12. / 72 Read more »
The Fed gave the market the language it wanted, Homrich Berg CIO saysFed Chair Jerome Powell is learning on the job and is 'increasingly sensitive to market participants' expectations of arguably one of the most powerful people in the country,' according to MKM Partners' Charles Campbell. Wall Street won’t be happy until the dollar is Monopoly money.
Source: CNBC - 🏆 12. / 72 Read more »
Bear market in stocks would be a catalyst for an economic slowdown, warns CIO Peter BoockvarThat kind of drop would alter consumer behavior, argues the chief investment officer at Bleakley Advisory Group. The Dow PE ratio is not indicative of a bear Market... what is going on here is the makeup of those who roam Wall Street... Gamblers, soothsayers, crystal ball readers, hand wringers, panic button pushers, day Traders, and your garden-variety jackasses
Source: CNBC - 🏆 12. / 72 Read more »
Morningstar’s $207 billion CIO was dumping US stocks before they got rocked during Red October — here are 2 under-the-radar global markets he’s buying insteadMorningstar’s $207 billion CIO was dumping stocks before they got rocked during Red October — here are 2 under-the-radar markets he’s buying instead
Source: BusinessInsider - 🏆 729. / 51 Read more »