Bull or Bear - What Market are We In?

Things are looking up on the market, but a Wall Street Vet says theres still a lot to be concerned about. Then - Think that the Bail Out is the only way to handle failed banks? One top CEO managed to save a failed bank without costing the taxpayers a dime! And a debate between the Bulls and the Bears what kind of market is it?

Episode Segments:

This Week on Wall Street The market shakes off a weak Monday, and goes on to show positive gains for the rest of the week. In our market recap segment, comes a warning from an old experienced hand on Wall Street. Art Cashin, head of floor operations for UBS Securities looks forward to a not to rosy fall. Also we hear from Jerry Webman, chief economist for Oppenheimer Funds tell about his biggest concern.
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Banks & Bailouts Think that the Bail Out is the only way to handle failed banks? Kelly King CEO of BB&T explains how his bank, working with the FDIC, is able to take over Colonial Bankshares, and not cost the taxpayer a dime. Why cant they all work this way? David Crowe, the National Home Builders Associations Chief Economist gives us the outlook for home builders in the coming recovery. Bottom line:
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Bull Market or Bear Market? Is a debate between the bulls and the bears. We take an in-depth look at the bulls case with David Wys, Chief Global Economist with Standard & Poors. Hes asked what shape does the recovery look like: is it a V a W or a U? Whatever it is he doesnt see it as all that quick. Next, from Hong Kong is Kirby Daley, Senior Market Strategy for the New Edge Group, presenting the case for the bears. Needless to say, he sees the coming recovery as long and hard; developing slowly over the months ahead. At this point: if there is a difference between these two camps: its that one sees the recovery only slightly slower than the other. Slow recovery versus really slow recovery.
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