tumbled but we are ending up in the plus column this year. what are the prospects for y next year? what are the traders thoughts? trader are positive about next year. they see investors coming back to stocks which is something we didn t see happen over the summer. also they re saying what s really going to power this market is the fact that those bush era tax cuts are being extended. and it s going to help it s going to help out a lot of people putting more money in their pockets, same with those payroll tax cuts. it s going to go ahead and put more money in people s pockets. but the fact of the matter is, there are concerns out there too, oil prices are going higher, there are those european debt concerns that continue lingering, and cities across this country have serious debt problems, that s going to be a big weight on the economy. most of the pros, expect another good year for stocks. in fact one portfolio manager, he thinks the dow could go as high as 14,300, if it does, th
standard & poors is saying that very likely will happen. they think it s going to get better by the end of the year but it s going to get worse before then, they think even the s&p 500 as you look at the levels above one thousand could go as low as 883. looming debt concerns over seas and the global economy recovery is not as fast as many predicted. jaime: it s close enough for discomfort. what do they expect that it may rebound? any chance in the near future? reporter: right now they are suggest inch that investors decrease your exposure to stocks, increase your exposure to bonds just by a little bit, a safety concern there. as we head into the fall months s&p is predicting that this market its going to turn around and eventually we re going to finish the year they predict at 1190. jaime to give you size and scope on where that puts us from today that would be a 17% jump in the stock market from today, so it s not all doom and gloom for the stock market. jaime: at that point big smi
time discussing ways to stimulate economic growth around the world without increasing public debt. a delicate balance in those debt concerns are very real. the recent crisis in greece forced european countries to come up with a plan to rescue that nation. cnn chief business correspondent ali velshi talked about the threat of a greek-style economic meltdown with the president of the european commission who insists the eu is prepared. if there was another case like the one you mentioned, we will be more than prepared to face it, because now the mechanism is ready, the mechanism is established to act. when the greek problem came, frankly speaking, it was an unprecedented problem. it was the first time we had this question of sovereign debt crisis in one member of it so we have yet to invent the response. it was the first time from an
this market alert about 45 minutes into the trading day, things are down somewhat, almost 60 points down on the dow, 10 and change to s&p 500, 36 on the nasdaq composite. of course this has been a week extremely volatile, over 600 points lost this week, a lot of debt concerns about what s going on in greece followed by portugal. spain could be up next, whether it s a domino affect we will wait and see. at least it s a little better than it was yesterday at 2:45 in the afternoon. yikes. one of football s greatest players is denying he raped a 16-year-old girl. former giants linebacker lawrence taylor pleaded not guilty yesterday in a new york courtroom. prosecutors say the 51-year-old paid $300 for sex with the young woman after she was beaten up by a pump who brought her to a hotel room against her will. taylor was free today on $75,000
just flat and the nasdaq up 5.3. looks like investors are concerned about what s happening in europe and the mounting debt concerns there and looking at it, the dow has dipped below 10,000. sarah palin is grabbing a big spotlight this week. how is this as a follow-up to her tea party speech? speaking tonight at a logging conference in california. we ll see if the loggers like her as much as the tea partiers. run, sarah, run. run, sarah, run. can you understand what they re shouting? run, sarah, run. palin made it clear running for the nation s top job holds a certain appeal. in fact, her speech on saturday sounded very campaign like, taking clear aim at the president and his party. this was all part of that hope and change and transparency and now a year later, i ve got to ask the supporters of all that, how is that hopey, changey stuff working out for you? from politico, how did she