And thats what we saw today when the market plummeted the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat and the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed releases the down beat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation. The sellers sell, sell, sell. Overwhelm the market and stocks began to plummet. Detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the mod us operandi, and i want to game it with me. First, the stock market acts pretty sanguine in the days leading up to the fed meeting largely because we know the economy is too weak to stand up by itself. We know the fed has to continue to
Strongest storms of ten years. Massive disruptions over there. Our road map begins with the major indices at or shy of new highs as we begin to cross the Halfway Point of earning seasons. It is trading lower in the free market. Earnings beat. Revenue was a bit short. Apple set to report before the bell. A chance to see how the newest iphones are really selling. A clash of titans. Mcdonalds dropping heinz catsup. The s p coming off a record high close for the fifth time. Dow chasing history within 1 of its record closing high on september 18th. Investors will Pay Attention to a bunch of earning numbers. A twoday meeting of federal policy makers concludes on wednesday and the fed is not expected to cut back on the bondbuying program due to the neck tiff economic effects of the 16day Government Shutdown. The day that flow is going to be very heavy this week. No jobs number this friday. All the adps, claims, cpi, housing, heading our way. This is funny. There are still some very important
Because they are the big losers. On row nation seeing the biggest decline since january. It reported a 15 rise in earnings, missed and with expectations but they beat a lot of records. Crewon automotive moving in reverse despite record profits. Record profits moving down because they failed to meet expectations. The analysts got a little bullish. Both are showing doubledigit gains. Stock look good. Dave would you buy the debt on the stock . They are buying on the dip. Gold testing its 1,700 low. As soon as it hit the 1701, i think it was 1701 it took off again. It is not a tremendously but significantly off. A lot of people were looking at 1700 as the base. When you go below that it would drop further. If it bounced off of that it would go up. Some people say up to 1,800. Liz another big name is amazon. We are keeping a close eye on amazons Revenue Growth and profit margin especially when selling its kindle tablets, just about a cost though the kindle has been on fire. Let me check as