Because of worries of a global slow down. It did trigger the powerful move up today. Dow soared 275 points. S p shot up 1. 75 . Nasdaq rocketed 1. 9 because it contradicts the prevailing wisdom that the fed is on auto pilot to take rates higher no matter what. The rally was all encompassing. Here is the problem of putting too much stock in one days rally so to speak. If you are bullish it is terrific to note the fed isnt going to do something stupid. Hedgefund managers come on tv or call for much higher rates to teach a lesson. It is fantastic that our central bankers dont have the same desires of much more strident hedgefund managers who want to trigger a nasty recession who create a havoc in order to make a lot of money. However, the problems that many of our companies are facing are simply beyond the purview of the fed which makes you upon further review by the overseas markets skeptical of staying power. We are not in charge. To put it in stock terms we need more alcoas and fewer f
Little more negative. I really do. Think about it. Weve run so far, so fast, so much right now. And yet we dont have any new data points of consequence. Were simply paying more and more for the same exact insights. But it doesnt seem to matter, as we strike towards another set of new highs. Dow gaining 40 points. S p advancing 0. 51 . Nasdaq climbing 0. 671 . Not trying to be a naysayer, but pessimism has back the enemy of profits. Negativity isnt being rewarded at all, except in a narrow handful of situations like the funk in social media, the endless pain in autos, or the relentless decline in the mineral stocks and offshore oil drillers. Frankly, its downright amazing how giddy this market can be. And in doing so, its punishing even what i regard as healthy skepticism. So why dont i give you concrete examples of what im talking about. Examples of even questioning what we call longside opportunity and how that has become toxic. Yes. It has become deathdefying. This morning on squawk
Outbreaks. It does come at a bad psychological time for the stock market where confidence is going lower and theres a host of other issues including the spread of the ebola virus. Have the economies of the worlds peaked. It means its as far as you can go. It suggests its all downhill from here. Thats how i feel today. Dow dropped 28 points. Nasdaq dropped. So much seems to have gone wrong and is how off kilter. Theres a handful of stocks going along their merry way. The end of the quarter is a great way to assess peaks or we truly have no place to go but down. First we know the world is slowing perhaps slowing at a surprising velocity given the strong head of steam we came into the year with. What makes us so sure that things have slowing. Sometimes its obvious, commodities. Any commodity in sync with growth that has to do with putting things up, building things, expanding things is coming down. Im thinking iron oar, steel, theres been enough to keep it there. Lets take this decline of
Sonny andersons previous animal cruelty case, the one laura mentioned, involved a brutal attack on animals at the kennedy park petting zoo in hayward back in 1999. He was accused of mutilating a goat and pony and three other animals with a knife. Some breaking news, authorities are asking for the publics help to find a kidnapped teenager. An amber alert was issued for 14yearold sergio vazquez. Investigators say he was abducted by two men in a white van in san andreas in east stockton. He is 510 tall, weighs about 170 pounds. He was last seen wearing a black teeshirt, jeans and black snowtype boots. Investigators say the men may have taken him to the east bay or perhaps the sacramento area. Police say a woman high on marijuana ran over an 84yearold woman in san mateo and now they are asking for witnesses to please come forward. The accident happened at the walgreens parking lot on east third avenue last friday. Abc 7 News Reporter Cornell Bernard is there now with more. Reporter that te
Officers on the street that day. All while making sure Michael Johnson gets a proper goodbye. While San Jose Police plan the big funeral for officer Michael Johnson for thursday there are a lot of smaller tributes including San Jose Regional Medical Center where all of the er lights are blue for the officer and man emergency workers knew so well. This is where he had built relationships with the hospital staff, ambulance staff, show honor for one of our fellow brothers. Reporter johnsons fellow officers are playing a rushl role in helping with the plans. Every Law Enforcement agency is helping staff the streets of san jose thursday. Right few, it is just a matter of working prout seed urs. Out procedures. Responding to different calls, i think shouldnt be a problem. Communication will be a problem or issue we will be working through. We will have each of the Law Enforcement offices in the county reach out for staffing, for any kind of specialized unit. Report San Jose Police are puttin