Reporter just before 2pm friday, one of barts brand new train cars overshot the end of a section of test track in hayward by several feet and crashed into a dirt pile. This is video of the accident from our helicopter partnership with abc 7. The accident apparently occurred while bart train operators were being familiarized with the new train system and the new train cars. Its unknown if the accident was the result of human error or some type of mechinal problem. Bart says that at the time of the accident the train was only travelling between 5 and 10 Miles Per Hour and that no one was injured. Its unclear exactly how many people were on board at the time or if the train suffered any damage. After the accident the car was still partially on the tracks and maintenance crews were able to pull it off the dirt pile. Each of barts new train cars costs about 2 million dollars. The first one was delivered earlier this month. Bart hopes to have ten of the new cars in service by the end of the
Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some changes here. One, the fed must know its own strength and recognize that when it talks endlessly about hikes, its freezing the Business World and creating tremendous uncertainty because people think, how can that possibly be, how can they know that much . Because they dont. Far better for the fed to say, and i quote, we have put through an increase and since then seen commodity deflation and a slowdown in wage growth so we must monitor these before we that means we need to get off a timetable and go back to being data dependent. That would in itself cause a tradeable bottom, at least. This change is so important
Every rally . Including today where we spent much of the day in the red until the dow had one of these bizarre bear market spike rallies. Up 52 points. Nasdaq fell 2. 1 . From capital preservation mode to Capital Appreciation mode . Something that needs to happen begin. Its not just price. Its not just returning to the august 24 lows. All weekend i worked on this. I put together an extensive checklist of the things that need to happen before we can be more concerned about making money than we are with not losing money. Lets go right to it. First off, the Federal Reserve must change the debilitating narrative its adopted after that first rate hike in december. I understand their job is not to keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with the fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accomp
Up 52 points. Nasdaq fell 2. 1 . What would it take to switch from capital preservation mode to Capital Appreciation mode . Something that needs to happen before a sustained advance can begin. Its not just price. Its not just returning to the august 24 lows. All weekend i worked on this. I put together an extensive checklist of the things that need to happen before we can be more concerned about making money than we are with not losing money. Lets go right to it. First off, the Federal Reserve must change the debilitating narrative its adopted after that first rate hike in december. I understand their job is not to keep the stock market higher. Theyre goal is not to prop it up. Its to balance growth versus inflation in many categories. Ben burnankes fed spoke with one voice. The fed under janet yellen has left the course since that first step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure
The fed under janet yellen has left the course since that first rate increase to go to a lock step series of hikes. And that change has been accompanied by a cacophony of fed voices rooting for still higher rates or poohpoohing them. You figure it out, i cant. We have to have some changes here. One, the fed must know its own strength and recognize that when it talks endlessly about hikes, its freezing the Business World and creating tremendous uncertainty because people think, how can that possibly be, how can they know that much . Because they dont. Far better for the fed to say, and i quote, we have put through an increase and since then seen commodity deflation and a slowdown in wage growth so we must monitor these before we raise again. That means we need to get off a timetable and go back to being that would in itself cause a tradeable bottom, at least. This change is so important because right now we have a climate of fear and uncertainty which is not conducive to any kind of inv