Morning Stock Talk - Battle: Markets and economy still divorced
Brian Battle of Performance Trust Capital Partners is not as impressed with Citigroup as the rest of Wall Street seems to be. "Citi announced they had good earnings, but a lot of it was because they took less of a write-down" on bad loans. And he says, there's another potential foreclosure crisis waiting in the wings. From the other blue chips, Battle wants to see more revenue, more hiring and other signs the economy is no longer "divorced from the stock market and the other indices." And he's still waiting. Download this Podcast (Duration: 00:06:33, Format: *.MP3) Dow Jones' MarketWatch Morning Stock Talk discusses the big stock movers, economic data and investment trends with Wall Street's top analysts, strategists and traders. Hear about what's driving the stock market from those in the know.. |