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Wednesday, April 7, 2010 as of 11:14 AM ET

The Casone Exchange
  • October 8, 2010 11:50 PM UTC by Cheryl Casone

    BEST GUESS: Markets On The Move?

    The first full week of October has come to an end and its been a good week.  Besides the market pushing the 11k mark, we seem to have optimism that the overall outlook is on the rise.  Then the jobs report for September came out and what could have sunk the Dow actually moved it higher.  Of course, it’s the Fed, not the Jobs number that made the difference.

    So, take a look at Adam’s best guess, given on the show before the Federal Reserve indicated through press comments that they would be open to more quantitative easing….

    CC

    ADAM SHAPIRO: When it comes to the Federal Reserve, less is more….no type of quantitative easing will be limited or off the table.

    CHERYL: Developed international market funds will continue to outperform domestic funds.  The money to be made is overseas for the next 12 months.

    TODD SHOENBERGER: With the documentary “Waiting for Superman” pushing the problems of education on the front page, along with routine soundbites by the President on what needs to be done to fix it, I will be the first to tell everyone that absolutely nothing will take place to improve the abysmal state of public school education.  There are just too many headwinds and the people who truly care about fixing it, are probably the least powerful.  State budget constraints and a lack of incentive for Capitol Hill lawmakers (min. salary $174,000 sending kids to private schools)–not to mention a teachers union that refuses to offer merit pay–are the absolute reasons why public education will not improve whatsoever, and will probably slide further down the scale.

    KIMBERLY GUILFOYLE: The Treasury Department is finalizing plans to take AIG public and convert its 49 billion dollar stake in the Company into Common Stock. I predict that the stock will be a hard sell to the public or Institutional buyers and initial taxpayer losses will be substantial.

    BOB O’BRIEN: We’ve had twelve straight years of mid-term elections in which the equities market has posted a gain. We’ll get a 13th, but just barely!

about this blog

  • Cheryl Casone joined FOX Business Network (FBN) in September 2007 as an anchor. Prior to FBN, Casone served as a correspondent for FOX News Channel’s (FNC) business unit and was a regular guest on FNC’s Your World with Neil Cavuto. Casone brings years of experience covering finance, business, and consumer news to FBN.

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