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Bulls & Bears
This past week's Bulls & Bears: Gary B. Smith, Exemplar Capital managing partner; Pat Dorsey, Morningstar.com director of stock research; Scott Bleier, HybridInvestors.com president; Tobin Smith, ChangeWave Research editor; Dr. Bob Froehlich, Scudder Investments; Danielle Babb, co-author of "Finding Foreclosures: The Insider's Guide to Cashing In on This Hidden Market."
Trading Pit: A Long Clinton-Obama Battle: Good Or Bad For Stocks?
Hillary Clinton and Barack Obama taking their fight for the White House to Wyoming today. Caucuses there open in less than an hour. And we'll have results right here as soon as they come in. Both candidates telling voters they are going the distance to win the nomination. Will a long battle be good or bad for stocks?
Gary B. Smith: It's great for stocks! Hillary Clinton and Barack Obama fighting it out longer will be great for John McCain. It will give him the opportunity to make his way in the news and expose how socialistic their economic programs are versus his free market, tax cutting, small government ideas.
Bob Froehlich: This will be very good for stocks. This discourse between Hillary and Obama increases the Republicans chances of taking the White House. This is a win/win for the financial services sector that his been hit the hardest, and that's what we need as a catalyst to get the market back!
Tobin Smith: Obama and Hillary going against each other brings the market down! But it will give us the biggest buying opportunity we've had in years!
Pat Dorsey: In general there has been zero correlation between who's been in office and how well the market has done. Since 1960 we've had five Democratic administrations and stocks have done well in three of those and poorly in two. We've had seven Republican administrations and stocks have done well in four and poorly in three. Sounds like a toss up!
Scott Bleier: It's bad for the market. Hillary and Obama are bad and worse. There are still a lot of unanswered questions that could be very bad for the market.
Forcing Banks To Lower Mortgages: Will It Cause a Housing Collapse?
Foreclosures hit a record high. The Fed's answer to the credit crisis? Fed head Ben Bernanke says: banks should help out homeowners who can't afford their mortgages... by reducing their mortgage balance! Is this a good idea from America's top moneyman?
Tobin Smith: Not a good idea at all! It would basically invalidate about six and a half trillion dollars of transactions!
Danielle Babb: The problem is that these homeowners are in over their heads. And these people need help to keep their homes!
Scott Bleier: The stress caused in the market this past week is a result of Bernanke's comments! It's a terrible idea!
Stock X-Change: Lightning Round
The fastest way to make money on TV! The "Bulls & Bears" Lightning Round!
If you want to watch what each had to say about each stock, click here.
Gary B Smith: Under Armour (UA )