Tonite, 5pm on CNBC: We got most of the old band together: Marketwatch’s Herb Greenberg, and international investor John Rutledge. Also up: former Fed gov Wayne Angell, and Robert McTeer on the Fed.
The discussion will cover the market’s volatility, yesterday’s rebound, and the economy Other things worth noting:
-Yesterday’s oversold bounce had terrible internals —
Nasdaq: 1147 Advancers to 1598 decliners
NYSE 1810 / 1564 Advancers to decliners
Total up/down volume: 927/465
That says short covering rally to me — and today’s lack of follow through confirms that.
-More than two-thirds of Americans believe U.S. economy is in recession now or will be by next year (Wall Street Journal/NBC News)
-Financials continue to fighting off the unknown liability of their CDOs exposure;
To say the least, it should be interesting.