NBC News is reporting that Barack Obama will name Timothy Geithner the new Treasury Secretary on Monday, November 24, 2008.
The Stock Market is moving higher on this news....I'm watching for a possible close back over 7773 on the Dow Jones. This is new the markets were waiting for, some certainty in an uncertain market. This is positive news.
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Showing posts with label treasury secretary. Show all posts
Showing posts with label treasury secretary. Show all posts
Friday, November 21, 2008
Thursday, November 20, 2008
Hogan Bottom: Art Hogan 11/20/08 CNBC Comments
Art Hogan, Chief Market Strategist at Jefferies & Company was on CNBC this morning, 11/20/08, and gave comments and stock market predictions. Art Hogan is popular for what CNBC calls, " The Hogan Bottom " due to his bottom call on October 10th, 2008 when everyone was panicking. Art Hogan boldly called the bottom on 10/10/08 and sure enough, so far it turns out he was right ( Although we will be testing Art Hogan's Bottom Call Today! ). Below is what he had to say November 20th, 2008. Previous Comments - HERE
Art Hogan CNBC Comments:
Its a difficult day to come back on CNBC, we breached the S&P 500 and Nasdaq closing lows, I guess the Dow Jones could be next....the biggest changes were GM and the big three automakers, use of the tarp changed, financials down 22% over the past week. It's going to be a difficult morning. The problem is structurally things have changed!
Can we get a reversal today? We need clarity on the automotive industry, we'd also like to hear who the next Treasury Secretary will be for the next Administration. The market needs clarity!
Advice for us Art? It's going to be a tough couple of days, as soon as we find out a new plan of where we are going, the better we are going to be.
For more stock market updates, visit, http://daytradingstockblog.blogspot.com/
Art Hogan CNBC Comments:
Its a difficult day to come back on CNBC, we breached the S&P 500 and Nasdaq closing lows, I guess the Dow Jones could be next....the biggest changes were GM and the big three automakers, use of the tarp changed, financials down 22% over the past week. It's going to be a difficult morning. The problem is structurally things have changed!
Can we get a reversal today? We need clarity on the automotive industry, we'd also like to hear who the next Treasury Secretary will be for the next Administration. The market needs clarity!
Advice for us Art? It's going to be a tough couple of days, as soon as we find out a new plan of where we are going, the better we are going to be.
For more stock market updates, visit, http://daytradingstockblog.blogspot.com/
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