Must always guard against our own human emotions, which often get the better of us when everythings going well in the stock market and when things are going badly they seem to grip us totally. When things are too good we tend to take too much risk. And when things are going terribly, we despair and leave the stock market entirely. Its a fact of life. And over the years even as stocks have climbed and climbed there have been swoons that drove people out. And they simply went through securities that gave you little or no return. Then they watched the big gains from the sidelines. Now, i can only understand your aversion to stocks many people have these days. We have many reasons to be disenchanted. Im not in denial about them. Huge downturns of 2000 and 2001. There was the blood on stocks when they were cut in half from 2007 to 2009. Debacles ike the flash crash. Or the facebook ipo. The house of pain. Then theres the Insider Trading cases and the obvious situations where stock leaders w
Very, very famous legendary jazz club the blue note. Usually room at the bar. Theres always room at the bar. Well see you in an hour for the closing bell. Thanks so much. Thanks, bob. Speaking of the market shortened session one more hour. Lets head over to maria at post 9. Thanks, carl. Hi everybody. Welcome to the closing bell. Im Maria Bartiroma at the new york stock exchange. No, your watch is not wrong. The closing bell ringing three hours early today at 1 00 eastern for Christmas Eve. Hi, bill. Hey, maria. Im Bill Griffith here at cnbc world headquarters. A down day not terrible, light volume as you might imagine on this half day. The dow down about 40 points right now. 46point decline at 13,144. All the other major averages lower as well. The nasdaq at this hour down about ten points at 3,011 and the s p 500 down 4. 25. Certainly volume on the light side today. Though were facing light volume there is still money to be made in these markets. Remember after the closing bell rings
The bear market with some bullish advances to an out and out full blown bull market. This was the year where we finally vanquished the demons that haunted this market since the nasdaq top at the beginning of the millennium. This was the year where things worked out where hard issues were resolved positively. The house of pain. And good news translated at the end to, yes, good news right down to todays action where the stock market toasted a fantastic 4. 1 Gross Domestic Product game. With a darn good rally. Nasdaq soared 1. 15 . You should have seen the action in that index. You might be shocked to hear that we only just went into an all out bull market mode this year. After all the Dow Jones Industrial averages run for 6,600 in march of 2009. It hasnt happened in the bull market, the gains have been consistent, right . But i would contend until this year, all we did was make up the ground we lost in the crash before the Great Recession and 2013 was the year we saw big rallies across a
Have to talk about what transpired this year. This is the year we went from the bear market with some bullish advances to an out and out full blown bull market. This was the year where we finally vanquished the demons that haunted this market since the nasdaq top at the beginning of the millennium. This was the year where things worked out where hard issues were resolved positively. The house of pain. And good news translated at the end to, yes, good news right down to todays action where the stock market toasted a fantastic 4. 1 Gross Domestic Product game. With a darn good rally. Nasdaq soared 1. 15 . You should have seen the action in that index. You might be shocked to hear that we only just went into an all out bull market mode this year. After all the Dow Jones Industrial averages run for 6,600 in march of 2009. It hasnt happened in the bull market, the gains have been consistent, right . But i would contend until this year, all we did was make up the ground we lost in the crash
Ashley and i and ashley webster. Fiscal cliff talks are stalling. Tax hikes and spending cuts. President obama said to speak in about 30 minutes from now. Shibani stocks are holding their ground. Waiting for some sort of news out of washington. The dow sitting at session highs. At least we are closing. Ashley it changes with every headline. The world ringing in the new year. New zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. It is a complete nightmare. [ laughter ] ashley time now for stocks now as we do every 15 minutes. We are up 51 points. Not too bad on this last trading day of the year. That is right. The dow has been pretty flat. Going back and forth between the red and green. The nasdaq is up 30. Same goes for the s p stock of about nine points. We are also watching a settlement between u. S. Regulators and about a dozen banks. Sources tell the New York Times that 14 banks include