Keith appears on Varney & Co: Crisis, Alibaba IPO & Tobacco

Stuart asks me about the effects the Ukraine and Israel situations are having on the markets? Several things are happening at once. First, investors are beginning to understand the difference between headline risk and systemic risk. So they’re not shying away. Second, earnings are not bad – 82 companies had reported as of last night and the beats are 67% which is ahead of the 63% average since 1994. And, third, the Fed is still in the game.

Also, Alibaba is still a buy even if high-level Chinese officials stand to make a big profit once it does go public. It’s the way the game is played whether in China or here.

Plus, see why I’m not shying away from Tobacco stocks even after a $23 billion verdict against R.J. Reynolds.



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    Keith on CNBC’s Closing Bell: Market

    Does the economy or the Fed support the stock market? See my response to Bill Griffeth’s question. Also, the Fed will take a giant step forward by acknowledging that too much liquidity is what got us into these sticky problems in the first place.



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      Keith on Varney & Co: Gold, Oil and Alibaba

      Gold dropped significantly today and Stuart Varney wanted to know what was behind the sharp move. Also, the news out of Iraq is causing oil price gyrations. See why I am cautious investor in oil. Finally, find out a backdoor way of getting in on the Alibaba IPO.



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        Keith on CNBC World: Betting on CEOs instead of the Fed

        The Fed had its say with the release of June’s FOMC meetings and, to nobody’s surprise, it’s the same old same. I’m more focused on what the CEOs of international companies are doing. They are the ones who understand the world’s environment and are very likely to showcase improved second-quarter earnings.



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          Keith on CNBC’s Closing Bell: Fed and the Market

          The market is in record territory. Bill Griffeth wanted me to expand on my previous and ongoing belief that the market is headed even higher.

          But the exuberance may be short-lived and when the pendulum does eventually swing the other way, people will be looking for “assistance” from the Fed yet again as Rick Santelli and I point out.



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            Keith on Varney & Co: Central Banks, Oil and Housing

            Today on Varney & Co, Charles Payne wanted my take on a few current issues. First, central banks are skewing the markets. (Is that really news?) Second, the crisis in Iraq may be underestimated by those involved in setting oil prices. And finally, Pending Homes Sales for the month were strong but it doesn’t mean the housing market has turned.



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