Five Also-Ran Surprises
Also-Ran Surprise No. 1: Changes seen at CNBC, NBC, CNN and Fox Business.
- Michelle Caruso-Cabrera joins Fox Business as the morning anchor.
- Erin Burnett (congratulations on your new baby boy!) leaves CNN and rejoins CNBC.
- Carl Quintanilla leaves CNBC and permanently joins NBC's "The Today Show."
Also-Ran Surprise No. 2: Crude oil trades at $75 a barrel.A quiescent period of Middle East peace, more U.S. energy discoveries (and an increased pace of energy independence) and slowing global economic growth adversely impact energy prices. Strategy: Short crude oil and energy stocks. Also-Ran Surprise No. 3: Despite lower stock prices the VIX trades under 10. Strategy: Short VIX Also-Ran Surprise No. 4: Gold trades under $1,000 an ounce. Strategy: Short SPDR Gold Trust (GLD) and gold miner shares Also-Ran Surprise No. 5: Carl Icahn's fund loses 15% to 20%. He is only human. Strategy: None.
This column originally appeared on Real Money Pro at 9:18 a.m. EST on Jan. 6.