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

The Casone Exchange
  • November 23, 2010 11:02 AM UTC by Cheryl Casone

    Best Guess: Can We Trust Our Markets?

    As I return to work after a Mexican vacation, a cold, and a 22 hour trip to Las Vegas for our special coverage “The Big Gamble”, one question still is left unanswered in my mind:  Can we trust our markets?

    Look at today:  South and North Korea playing war games again, Ireland making promises no one seems to believe, and the FBI raiding the offices of hedge fund managers for alleged insider trading.  Who can you trust?  I heard both sides of the argument while in Vegas.  I think we have a long way to go before the average retail investor has faith in stocks again.  If you DO have faith, then see below as I catch up on Best Guesses from two weeks ago.

    CC

    Oct 25

    EPHREN

    Best Guess: There will be a boom in micro-business startups, operations as most people will resurrect their hobby for hire, or side hustle as we say in the streets. If your handy your back to housecalls, musician singing on the corner and on stage, heck even people are selling off their foreheads on fiverr.com for five dollars!

    JIM

    The markets are on a tear based on fed easing, good earnings reports and prospects for republican victories–the key risk is unintended consequences from easy money and declining dollar-will there be any? my best guess is i am not sure but we will find out by the end of 2011!

    CHERYL

    Willow Smith, daughter of Jada and Will, will be the next multi-million dollar child star to emerge.  Her movie and record deals will eclipse that of her Father.  7 million you tube hits and counting, the video is viral.

    Oct 21

    MARK DECAMBRE

    Mortgage foreclosure repurchases will continue to dog banks like JPMorgan and Bank of America.

    SANDRA SMITH

    Amazon.com Will Report Strong Quarter After the Bell

    CHERYL

    VF stays with Brett Favre as spokesperson.

    Oct 20

    JORDAN KIMMEL

    With the market looking stronger, M&A activity picking up, and bonds becoming subject to “bubble talk”- maybe the public will begin looking at the stock market and dip their toe in. So far, the public has missed the move off the bottom back in 3/09.

    Kimberly Guilfoyle

    This admin has borrowed over 3 Trillion Dollars since Obama took office; The Treasury is set to buy more debt. The dollar is plummeting in value. Commodity prices are soaring; Rising Commodity cost will reduce average families buying power, slow our recovery.

    Cheryl:

    The US will move after the elections to raise the retirement age to 67.

David DePriest

Cheryl, The common denominator is "BIG". It does not matter if it's a government or a business. I think the founding fathers understood this, and that is why we have 3 different branches of the federal government. It also applies to business. For instance, Goldman Sachs is a good example. Absolute power corrupts absolutely. It does not matter if it's the free markets or the government.

November 28, 2010 at 3:52 am

Carla, Ballwin,MO

Cheryl - Maybe its more a younger person's game. For individual stocks,once I've recouped what I've lost within the last few years,I'm cashing out. I will keep two - one which has performed really well - bought at 6 worth 42 currently; the other is a sentimental,shiny favorite - I will cash out when it reaches 80 or I when I reach 80 - which is first? Happy Thanksgiving!!!

November 24, 2010 at 12:08 pm

gil

I know you guys at Fox don't have much use for REALITY, but some one has to remind you that ; NO , the U.S. Dollar is not plummeting, but GOING UP NO, Obama has not spent 3 trillion Dollars since his administration started , unless of course you consider that the president should not be including Defense in his budget for example. No, commodity prices are simply fluctuating, not soaring . At the moment in fact commodity prices are COLLAPSING , as the U.S. Dollar goes up in value.

November 23, 2010 at 6:55 pm

Dan Brown

So just what does "trust' mean? Trust only those who win when you win and lose when you lose - and only trust them to the extent of the win or loss.

November 23, 2010 at 1:23 pm

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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