Roadmap, eight years since the haines bottom. And aig ceo is out, what is next for the giant insurer . Ceos headed back to the white house. We dig into the return on a west wing meeting. The s p and dow looking to snap three session losing streaks which hasnt happened since january. We got that pull back in energy yesterday resulting in those losses. And as we said its been eight years since the stock market had bottomed. That of course was when mark haines made a very big call right here on this show. However, im going to step out on a limb here. This is the big hold on everyone. Weve been waiting for this. I think were at a bottom. I really do. Ever since what we call the haines bottom, the s p has surged more than 250 , the dow also more than tripling its gains. The nasdaq outperforming both indices up 360 . On that morning, which is actually the tenth when mark made that call, dow and s p closed up 6 that day. Well, mark was someone we all work with mark. I used to talk with mark a
Reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire complex reversed w
Reversed what looked to be a luck of the irish day to smell reassembling the potato famine. [ buzzer ] by the time the market had opened it was down less than a dollar. What is that about . Was that it down two bucks at 7 00 a. M. . Then one a few minutes, it was actually up, the stock was up in the black, and then it started flying. It only closed up 1. 56, 2 , one of the most startling of the most startling reversals i can recall in my entire career, even the company somehow did assert of rest of europe would be fine. Im sure this one made no sense. I listened all today. People were like, hum, uh, hmm. Thats because you dont know what was happening in this battleground stock behind the scenes and i do. Ever since this market bottomed failures died down and china stock market stopped being a focus, weve been rallies in the commodity market. The stuff you need to get metals out of the ground, and theyve been screaming. Then yesterday the Federal Reserve decided it was no longer plannin
Stocks of the big industrials are right here, and theyre the reason why we rallied so hard today hallelujah the dow roaring 156 points s p gaining, its back to even. Nasdaq advancing. Ive got to explain this one. Ive got to. This move probably makes no sense whatsoever to anyone who doesnt understand stock rho tease, short squeezes and the concept of underownership of a given sector. Let me set the stage. This morning shortly after 6 00 a. M. , dow stock caterpillar, the giant Machinery Company, dramatically slashed its earnings, the guidance that it had for the First Quarter. Wall street was looking for cat to earn 95 cents. In the totally unnerving announcement is the company said cents thats right, energy, transportation resource orders nose diving is the reason. It was an unmitigated disaster. The news immediately sent the stock, which had been redhot as of late down two bucks in Early Morning trading before the bell had rung. It was such a powerful slap in the face that the entire
At this point firefighters are say it has been an active investigation. They had to cut through the garage. The mom said she operated an in Home Day Care out of the house she no longer does and only her family was home at that time. Heavy smoke and flames led to wake up you never want to get. I was woken up by my mother. She barged in, yelling. And saying there is fire, house on fire, you need to get out. Eric thought his mom was joking. Then, i knew my mom is not a great alaska they walk their dog and its unfortunate. Tree trimmers spotted the fire and started to bang on doors. Afterwa2y, the east wall of this home started to collapse they were treated and battled the flames from the ground and air. This video shows Joseph Moreno with a garden hose. I wasnt thinking straight. I had to protect my property. I was scared. I was afraid my home was going to burn up. It was hot. Firefighters poured water on my house. Its my house, and i should have the right to water it down if i want. Its