S p dropped. 41. Nasdaq only fell. 15 . That sums up the week. Stocks suffered broad declirs, and, of course, the reasons for the decline had nothing to do with what happened during the week. Heaven forbid it matters what companies are saying. With the exception of the misleading fiasco of jcpenney, we had good news, mergers, break ups, surprises from companies as big and prominent as nike. Which reported a fantastic number last night in part, because, are you sitting down, western europe, where sales of orders were sensational. Talk about a comeback. No, no, no, the selloff is all about whats going to happen next week. So lets game plan it out to see if we should still be selling first, not to mention second, third and fourth and asking questions later. One thing is for certain. I could have a picture of the white house and the house of representatives with boxing gloves on next week making a fight card. But that would be wrong. They arent even wearing gloves anymore. The president sa
Time for bills to pass before january 15th and a funding level for fiscal year 15 so that we avoid another dysfunctional, unrealistic budget and appropriations process in just a few months. As noted in the letter if our appropriations chairs. There is also bipartisan demand for us to end the sequester. As mr. Rogers has said, sequestration, and i quote, is unrealistic, ill conceived, discretionary cuts must be brought to an end. As cbo has repeatedly noted the sequester will cost our economy an estimated 800,000 more jobs in 2014 alone. So i think it bears repeating, could you please share cbos analysis on the jefr all impact of sequestration on job and Economic Growth for 2013 and what you think the impact will be for 2014 if sequestration remains in place . So congresswoman, i think the things that let me quote from a letter we wrote to congressman van holland a couple months ago. We said that if the automatic spending reductions specified in the budget control act including both the
S p dropped. 41. Nasdaq only fell. 15 . That sums up the week. Stocks suffered broad declines, and, of course, the reasons for the decline had nothing to do with anything that happened during the week. Heaven forbid it matters what companies are saying. Nothing at all. In fact, with the exception of the misleading fiasco that was jcpenney, we had a ton of good news including mergers breakups, surprises from companies as big and prominent as nike, which reported a fantastic number last night in part, because, are you sitting down, western europe, where sales of orders were sensational. Talk about a comeback. No, no, no, the selloff is all about whats going to happen next week. So lets game plan it out to see if we should still be selling first, not to mention second, third and fourth and asking questions later. One thing is for certain. I could have a picture of the white house and the house of representatives with boxing gloves on next week making a fight card. But that would be wrong.