Speaking of engagement, i hope you will take the opportunity during our interview to doing todays discussion by submitting questions as we go along. You can do that by clicking the q a button at the bottom of your screen. Today, as vicente mentioned, we are joined by my friend robert zoellick, he has served america and served her well across multiple administrations and in a range of key roles in the late 80s he served as counselor to the secretary of the treasury under secretary of state as well as White House Deputy chief of staff. In the george w. Bush years he served as ab and later president of the world bank. Hes received numerous honors the state departments highest award, the treasury departments Alexander Hamilton award, and dod medal for distinguished public service. The American Government werent the only ones, the German Government awarded him the night commanders cross, the Mexican Government awarded him their aztec eagle and chili gave chile abof course the author of a re
Stocks. That way you can be ready for days like today, where the market flies, with the dow soaring 212 points, and the nasdaq climbing 0. 13 . Go back and think about yesterdays Late Afternoon pummeling. Or at least try to remember what caused it. Some European Central banker arguing with some greek politician. That kerfuffle gave you a chance to pick up Great American stocks at prices much cheaper than you otherwise would have gotten. We all get flyers in the mail with coupons. I get ones from costco. Im eyeing this 60inch tv for 1,300 bucks. But lets say i go in and pick it up and see these shirts that are on sale for 35 smackers. Thats ridiculous. I see that sale and i have to buy those shirts. I dont say, wait they lowered the price because somethings wrong with the merchandise. I dont think, wow, zainya i cant pick those up because tomorrow they might be worth even less. No, i think, ive discovered a sale i wasnt even counting on. Next thing you know im buying the tv and the shir
Stuart look at this. Oil tumbling again. You are looking at another five year low. The dow 50 a barrel since june. Two cents a gallon a day. The cheapest in the country is at right where you are looking at it now. Come on in. You think we will get to 2. 50 by christmas . I would say so. I was thinking about putting it to 40. At first i hear programs. To four days before christmas. We have seen an extraordinary the client. Gas prices saw their biggest threeday drop in over two years. Six and a half cents a gallon. I do not think it is much of a grasp to speed and to the 240s by christmas. Stuart why those two states. Very close to the west texas intermediate group. Low gas taxes. That is really it. The other states expecting to see 2 prices within the next week or two. Mississippi. All of those states. Much of the south seas gasoline among the lowest compared to any other region across the country. Only two states where the prices above 3 on average. Connecticut did slip under 3 a gallo
Exchange. The nasdaq is up eight days in a row, the longest winning streak since july. To the russell 2,000 you see some weakness for the ddw jones, down 18 points, a big reason would be cocacola contributing nine dow points, and positive dow points. Home Builder Sentiment and new York State Manufacturing numbers, both of them were big misses and huge disappointments and the weather has something to do with this so we had those reports and i want to point out we had an awful month of january but there seems no panic in the market and coming off of the best week of the year, no excitement as well on the way back up. Connell we are moments away from president obama expected to announce tighter fuel efficiency standards, holding maryland, part of the pledge in the state of the union address. Dagen is a heavyduty vehicle. Connell now that you mention it, good point. Dagen the column that is there with more on this, this all trickles down to the consumer one way or another any time you incr
Stocks as an asset class . Dow advancing 26 points, s p gaining 0. 7 , nasdaq declines. But what really matters is what lurks underneath, because the accumulation of the evidence, the body of proof, so to speak, is in the pudding of individual stocks. Not all that big picture chatter about aggregate numbers that might make stocks in general seem expensive, because theyre trading at 17 times earnings as if there is a there there. Why is it so crucial to remember that individual stocks are much more important than the aggregate averages, at least in cramerica. Because over the last two decades something terrible has happened. Stocks are now treated lie commodities. What does that mean . It means theyre trading together as a unit, like corn or wheat. This kind of analysis totally ignores the value of virtually everything that happens in individual companies. Theres an bog gus reasoning at play here. In order to justify the how meteorologization of the stock market, but in reality, this wh