Page 7 - Oil Complex News Today

Points and the s p, moving the monitor so i cant see it. Up threequarters of a point. And the nasdaq is lower by 31 points. Where are we headed to from here . Lets get to bob pisani on the floor of the new york stock exchange. Bob . Hello, michelle. Were flat because ibm has been a drag and tech has been a drag and the question is can we hit new highs and the key, remember, may be earnings. Markets have moved up. They have been a floor under the market and the market believes that, off the low a...

Fund. I realize tick picking stocks as very highrisk proposition. Which is why i only recommend doing it with your discretionary nonretirement portfolio. Your mad money, so to speak. Hence mad money. I can talk about index funds every night. However i know many of you like to buy stocks and ive seen how lucrative owning highquality individual stocks can be for regular people. Ive been in it more than 30 years. Ive seen it over and over again. The professors of finance and doyens of mutual funds ...

Because my late friend mark canes called that bottom onair in a rare bit of prognostication, haines, then squawk on the street cohost, said there had been enough selling, too much selling, and that brilliant call stood the test of time. Today the dow climbing, s p advancing 1. 5 , nasdaq gaining 5 , i want to taunt the winner since the bottom 2009 and how so many of them were totally accessible to you and can still be pretty darn good. First you could have made a killing since the generation alo...

Hence why the averages keep getting hammered. Nasdaq plummeting over 3 today, a truliy hideous day. A wakeup call for everyone who ignored our repeated warnings. First up, commodities. Its no secret that china is not just slowing. Its industrial demand seems to be downright exhausted. Which means all companies that help extract or produce commodities are performing horrendously and will continue to do so. Why dont we start with one of the lowest cost pouroducers of iron ore is the colonssal braz...

People never learn. Given that were on trook have the best october in four years, dow gaining another 74, s p limes 6. 4 and nasdaq advancing 3. 4 , maybe investors will think twice before they put their brains in portfolios on month by month autopilot. Selling in september, and sell in may and go away for its by rote ridiculously, imfatuous, lacking of intellect. Next week is the busiest of the busy. One of four weeks in the year way too Many Companies report. I stress, this is a terrible time ...

Dont even bother to ask questions later because theyve gotten things so wrong. This market is littered with those kinds of mistakes, including today. Nasdaq gained. 38 . When i first got into this business there wasnt a rush for reporters to report the consensus estimates created by wall street analysts. These days they see if the sales and earnings are better or worse than expected. Once theyve compared and contrasted, they pull some reason, some folderol from the release, to explain it, then b...

Purport to say what really happened in the quarter, like you could really figure it out in 140 characters. Hasbro reported today. The vast majority of these Companies Said it was a good buy. It keeps churning out hit after hit, and it capitalizes off of hit movies. Despite those headlines hasbro opened pretty much unchanged. Shouldnt it have opened big . No, it turns out, because when the Company Conducted its Conference Call, we learned things are not going all that we will at hasbro. At cfo de...

You have to wait to hear the Conference Calls, and you want a perfect example . Look what happened to those poor fools ooh who sold Goldman Sachs down after reporting only watching zoom up 8 from the bottom. A morning Conference Call people didnt listen to, sold too quickly. The simplistic headlines, right 50 of the time . Thats a coin toss. We dont invest in coin toss situations. [ buzzer ] house of pain. Thats where youre going. The game plan for next week . Pick and choose. Monday morning, he...

Than expected. Once theyve compared and contrasted, they pull some reason, some folderol from the release, to explain it, then boom, rapid fire posting, dont look back, on to the nexex company. We see this sort of thing this years. This week, there was four of them that were like this this year. It createsuch a rush to judgment with so little time to breathe that people end up losing fortunes, trading off these slipshod bulletins that purport to say what really happened in the quarter, like you ...

Better performing housing sector . We well, it really feels like a santa claus rally is getting under way. Stocks are up for a third day. As we stand, lets take a look at the numbers. The dow is currently sitting at 17,559. It is not break even get for the year but it is up. The s p 500 is one point in the green for the year. Its crossed over that break even line so many times. Were rich, were rich, were rich. I never thought santa was going to come, and i still believe in santa. Oil soaring. Ne...