cnbc
What the Pros Say: Coordinated Cuts Coming
Australia's Central Bank stunned the markets by cutting interest rates by a full point to 6 percent Tuesday, a reduction that was twice as big as economists predicted and the bank's biggest cut in 16 years.
There is lots of speculation that Australia's move is the first in a round of global coordinated interest rate cuts designed to boost world economies and markets.
Experts from around the world weigh in with whether or not a mass rate cut is in the works and whether investors can count on lower rates supporting stocks...
http://www.cnbc.com/id/27061003 Markets Healing, But Much Work Needed
There's reason to believe the markets are showing signs of recovery, but much needs to happen before a full rebound can begin to take effect, an array of experts said Tuesday.
Coordinated action from the world's central banks, tightening in credit spreads and more work towards addressing the many ills in the housing market will be required, panelists said in a series of CNBC interviews.
There was some feeling that Monday's steep drop could be followed by an aggressive rebound, all happening while credit spreads were tightening. That provided some optimism.....
http://www.cnbc.com/id/27065369 Market Oversold, Short-Term Bottom Near: Dr. Doom
The stock market is as oversold as it has been since the crash of 1987 and the broader market could be start to rebound until early next year, Marc Faber, editor and publisher of the Gloom Boom and Doom Report, said Tuesday.
The market is possibly in "the most oversold condition" since perhaps Oct. 19, 1897, Faber told CNBC's "Squawk Box."
"Usually there is some seasonal strength between October and March" so it is possible the S&P 500 index will create a low between now and the end of the month, he said.....
http://www.cnbc.com/id/27063664
