What is typically a pretty tough time of the year for the stock market. We have a scary moment for facebook. Its cfo offering up the fact that teens may be losing interest in the site. I could have told you that. In my household, we call it fogey book. The stock has since recovered after that bombshell. Noted Technology Investor dan niles now out of facebook. Remember, he told you. So smart on this stock. He bought it below 20 a share. This week he sold all of his holdings in facebook. Why . And should you be out of facebook as well . Whats he fwoigoing to do with money . Well talk about it. Two big ceo interviews coming your way. Bob benmosche. Lots to get into including how it may be adjusting to the new Health Care Law with its thousands of employees. Also sprint ceo, dan hesse. Mobility a huge issue. If there may be more consolidation in the telecom industry. Softbank acquired 80 of sprint. Trying to upgrade the spectrum for them. Then on this halloween, easily the scariest, most h
Consecutive month. A Nobel Prize Winning Economist Says hes worried about the rally and investors could be taking that to heart as the dow pauses after 17 k. Buying a swiss Food Ingredients producer for 3 billion. Apple hiring away from tag heuer. And higher in the premarket once again as options on the Company Shares kick off trading today. First up, wall street hoping for more stock market history this week after the dow hit 17,000 on thursday for first time ever. As for the s p, now within 15 points of 2,000. Earlier on worldwide exchange, Nobel Prize Winning economist stiglitz doesnt believe it signifies an upbeat trend. The very strong stock market prices are in a sense a symptom of the weak economy, not a symptom that were about to have a strong recovery to our real economy. Sounding an awful lot like what the bis said last week and were vulnerable to a 10 to 12 correction and Morgan Stanley get more neutral on risk even though he was bullish at the beginning of the year. People