Its a game changer and youll only see it right here on power lunch. Sue is out today. Sara eisen in at the nyse. Hi, sara. Good to see you, tyler. Were getting to the big question of the week. Can this run, a 12 gain since the beginning of the summer, a 25 run, this year, roll into the new year . Dominic chu is looking at what history tells us about what actually happens when the dow has five straight up years. But first to Mary Thompson on the floor digging into the question on rising Interest Rates. Everybody is talking about the 3 level on the tenyear and what it means for stocks. Right. We hit it a little bit, we hit it yesterday. The markets rallied, hit it earlier today. Pulled back a little bit. The markets are falling off. The markets were a little overbought coming into todays session, no surprise weve seen a bull bapull back. With the 3 yield on the tenyear a lot saw this as an inflection point. We didnt see that with the markets. If Interest Rates rise quickly then it would
If youre tuning in just to see if tonight is the night the show goes off the rails, which it is always a possibility on any given night. Sorry, there is a tape delay, keep wishing. For those of you interested in trying to make money, some say im a crazy man, particularly on twitter jimcramer. I think you can do everything i do at home if youre willing to put in the time and the effort. Investing, specifically actively investing in stocks, running your own portfolio rather than dumping your money with some buy and forget index fund, or worse, fling for the false safety of bond funds particularly record low interest rates. Its something that anyone can do as long as you spend several hours a week doing the homework, and im including watching the show to do research on the stocks. Just play playing on websites with the actual companies which i lo to check, anything youre thinking of buying or keeping up on. I think managing your own portfolio is essential. Index funds try to mimic the mar
Lifetimes. Market with little changed coming off the massive rally in the secret meeting off the fed. It says its just misunderstood. Daytime at ebay. Carl icahn drops his campaign to split the company in two. Gets a new board member. The biggest ipo of 2014 finally prices the low end of the range. Is this the top of the ipo way . The ceo will join us. Walmart goes all in for organic while other retailers report negative news. Can you blame it all on the weather . First up, though, just what the doctor ordered for the bulls. All three major stock indices each rose more than 1 in yesterdays session after minutes from last months fed policy meeting indicated the central bank may not raise Interest Rates any time soon. One of the socalled momentum stocks was the biggest gainer on the s p. Facebook up 7. 5 . We watched that thing climb all day, jim. A lot of talk about how many growth guys are actually just taking refuge in fb. Yeah. The Analyst Coverage started with jordan rohan. Youve go
Right . This quarter did nothing it did nothing at all today, at least, the dow climbed 135 points. S p gained. 7 . Nasdaq vaulted 1. 04 . Wow, breaking that streak, huh . You know what, i say good riddance to the first quarter. Because this market slaughtered some of the best highest growing companies and saluted the down and dirtiest industrials and techs that have yet to show any real growth. Im telling you. Now, what they did, they went out of the good and into the bad, and im tired of it. But thats the way it is. Ill talk about a rotation later. No matter, nobody i know was really talking about much about the market today anyway. They were talking about a new book. A book by one of the great writers of our time Michael Lewis entitled flash boys which asserts that highfrequency traders have rigged the market. Rigged the market against you. Do you know what i found was most shocking about this book . How about the fact that anyone finds it shocking in the first place. If you watch t
Off losses, germanys confidence number a big miss, down eight straight months as the conflict takes a toll on that economy. We begin with the markets, futures flat as putin sends and aid convoy to eastern ukraine, and german Investor Confidence plunges. More than just price. New details on why amazon is taking on disney and what it means for amazons already paper thin margins. Telsa after a big day yesterday has a less than glowing review from Consumer Reports. Well tell you why. Stocks up hope to continue after the dow and s p have the best gain in four months. Concerns, though, about the ukraine crisis causing geing ge Investor Confidence to fall. Q2 profits for the Banking Industry rise to the second highest levels in 23 years, of course, thats not translating into stock gains. Kpw bank index down almost 1 year to date. Jim. Theres a lot to digest. I dont know if you want to start with the economy or banks here . Yeah. I mean, these numbers come out, say, okay, well, wait a second,