| | DOW | 8691.25 |  | 172.04 | +2.02% | | | NASDAQ | 1603.91 |  | -11.84 | -0.73% | | S&P | 908.11 | | 11.33 | +1.26% | | | | | |  | Tony Crescenzi, Chief Bond Market Strategist, Miller Tabak & Co.
Crescenzi: Fed Help Coming For Commercial Paper Market
For a sixth week, the total amount of commercial paper outstanding plunged, falling $61.5 billion to $1.449 trillion in the week ended Wednesday. Three weeks ago, the commercial paper market contracted a record $94.9 billion. Cumulative declines for the six weeks total about $365 billion.
The declines of the past two weeks occurred despite the Federal Reserve having announced on October 7th that it was creating a special purpose vehicle to purchase 90-day commercial paper directly from eligible issuers. The facility backstops the commercial paper market, and market participants are behaving as though it is backed up, judging not from the amount of CP outstanding...read more from our guest blogger
| | | | Pros Say: 'Aggressive' Bear Rally Coming
Japan's Nikkei hit a 5 and a half year low Thursday but bounced back in what some analysts say it is a sign that many stocks are oversold. And even if the markets haven't hit the bottom, a sharp, but temporary rise in stock prices is possible, but it is too early to call a bull run, experts said...read more | | |
| | Third Time's the Charm: Dow Gains 172 Points
It was another topsy-turvy day that left the Dow chart looking like the Rocky Mountains. After three attempts at a rally, the third time was the charm: The Dow Jones Industrial Average eked out a gain 172.04, or 2 percent, to close at 8691.25. The S&P 500 gained 1.3 percent. ...read more | | |
| | Cherry-Picking Consumer Stocks
Consumer discretionary stocks are not only the worst performers today — and this week and this month — but 60 percent of the 18 discretionary stocks that reported earnings are down. So what is working in one of the...read more | | |
| | 3.Roach: Worst Financial Crisis Since 1930s 
This is the worst financial crisis since the 1930s and the deepest global recession since the early 1980s, believes Stephen Roach, chairman, Asia at Morgan Stanley. He tells CNBC's Martin Soong & Sri Jegarajah that this will not end overnight. | | |
| | 4.GM Incentives
CNBC's Phil Lebeau reports that General Motors is preparing to announce cash incentives for buyers of 2009 model cars. | | |
| | CNBC.com BLOG OF THE DAY | |  |
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