With negative story. I think today was one of those times. As we saw a terrific rebound in the averages, after a second bout of hideous selling this morning. The dow closing up two points. The nasdaq declining 2. 4 . First, lets deal with the negativity. Its coming from four different directions. Sell sell sell sell. Sell sell sell sell. Worry number one, chinas falling apart. No matter that its been falling apart for ages or the chinese stock market is not creating wealth, many cant handle the stress of waiting for the other chinese shoe to drop after mondays break down. Suffice it to say theres big trouble in big china. Negative number two, the fed has gone from friend to foe. Theres a narrative out there started to raise rates theres no return to the practical policy of data dependence. This thesis says that were on autopilot mode like the prebernanke fed. Well get a shortfall in earnings. Third fear were in the high peaks region of the economic cycle. Everywhere i go i hear that al
Mondays break down. Suffice it to say theres big trouble in big china. Negative number two, the fed has gone from friend to foe. Theres a narrative out there right now, now that we have started to raise rates theres no return to the practical policy of data dependence. This thesis says that were on autopilot mode like the prebernanke fed. Well get a shortfall in earnings. Third fear were in the high peaks region of the economic cycle. Everywhere i go i hear that all sorts of cycles we have the peak in cell phones which caused apple to drop like a stone and taking the Semiconductor Stocks down with it. Decline in apple component stories making the rounds that were peaking in autos. One of the chief engines of u. S. Growth. I think the numbers we saw this morning were good. Well, good, they never less buttressed the case of the bears which would make lower Interest Rate incentives harder to come by. Given they sold 17 million vehicles, it is reasonable to think that things cant get bette
Call me a clown or even a joker, as long as its not a midnight taker. Maybe theyre complimenting my keen sense of timing when they compare me to soupy, bozo, crusty. Anyway, the jokes on them, because knowing the right moment to buy. Buy, buy, buy sell, sell, sell among the most important and frustrating parts of managing your money, you tell me so many times when i see you and im solving it tonight, it is demanding. Precision is tough to get right thats why you hear commentators its impossible for individuals to on time the market. There is a whole the Cottage Industry of naysayers. The house of pain who make a living telling you that wells no way a regular investor can do it so you may give up on trying to trade, give up on picking your own stocks and just put all of your money in an index fund and performance as a whole and leave it well for all eternity. I have nothing against index funds per se. They could be a decent way to manage a portfolio of individual stocks and many people
In ontario. The name of that company, total transportation service, incorporated. The company is confirming that the truck was carrying clothes and shoes. They say the driver of that big rig is doing okay. Again, Police Working very fast trying to reopen this stretch of 3rd street. As you can see, two large tow trucks two trucks in fact trying to remove both vehicles from the area. Live in San Francisco, im da lin, kpix 5. Thank you. Andria borba at th scene of the other accident involving a bus and dump truck. Reporter a short time ago, San Francisco Police Department released a statement on their Facebook Page saying that they believe at this point that the dump truck slammed on its brakes on geary. The muni bus tried to swerve to miss it but didnt. Kind of like errr and everybody goes front. Reporter the passenger on the 38 muni bus said there was a screech of tires and then the crash. Next thing you know, we get this big jolt, boom and i look, im like oh, my god, the front windows
Beast. It is not the ultimate direction of the Interest Rates. Its the speed with which they are going eventually to be taken up. We have good news on both fronts today which is why the dow gained 288 points, the s p surged and the nasdaq rocking 2. 12 . What a day for goldilocks. That mythical figure when everything is just going right for the bulls and wrong for the bears. First, les rr deal with the Federal Reserve. We know our economy is Getting Better and better. We can see that from employment numbers and retail sales. Today the fed announced to be patient about raising rates, no hurry at all. That slow deliberate step by step, inch by inch slowly rates may go up one day sent an already upbeat market soaring. Once again, people, especially boisterous fed watchers were totally shocked that the fed decided russia, emerging markets, brazil, all of the scary boogie men could crush this market if we mentioned how concerned and scared we are. Instead they used neutral language but unce