Turmoil in this market all the big moves i see, both up and down, including today. The dow dipping 37 points, s p declining, the nasdaq lost 0. 28 . Underneath, though, theres a lot of rumblings i blame the millennials. Theyre impossible to getaway from and i have to tell you if it werent for the fact that i have two millennial daughters, i would hate this generation the generation that demands to be catered to or they cut you off at the knees or at the cord if youre a cable operator Everyone Wants millennials as customers because theyre old enough to have disposable income but young enough to be persuadable. That means you need to advertise on the internet, because thats where this generation resides. Thats why 45 of cloroxs add go to facebook and google. Clorox is at 45. Second, perhaps because of low wages and student loans, they pay out for very little. Weve identified over and over, millennials will pay premium for uber, for air b b and the iphone and theyll pay up it for makeup t
Ring the register 24 hours ago, all i kept hearing was sell the news. The trump rally is tired. The guys too divisive. Hell never get anything done. Time to take profits. Oh, you heard it too. The bulls long in the tooth. The rotations are over. A lot of really smart guys said its time to get out. Buy the puts. Put on the shorts. Sell, sell, sell. Well, they shouldnt look all that smart today. Dow surging 303 points. S p pole vaulting 1. 37 . Nasdaq soaring 1. 35 . Hallelujah this is why i always say that group think is so dangerous. Many revered Money Managers came out in the last two months and said were doomed in part because they disdain trumps bust the budget ill informed analysis of what happens next. Thats how they put it. In fact, it got so bad that even the great Warren Buffett was taken to task for saying this markets not in a bubble. If you think its over, youre simply on the wrong side of history. Someone actually told me that buffett has become that old gas bag polyanna fr
Sometimes the stock market revaluates the entire basis of companies. We follow because of one metric, the metric of oil. You know, i have said to you over and over again we should never underestimate the power of the market to do stupid things, and the most stupid is a rally based on the price of oil, which is exactly what we got when the averages uturn pretty much in sync with a uturn it crude. No matter that the leaders of todays market were largely the companies that would be better off if oil fell. Weve come to accept this lunacy os but thats not the nuttiest part of the stock market right now. I think its the kind of weird backandforth, intraday revaluation were getting of some of us Largest Enterprises thats really driving us crazy. Theres no better example of a revaluation and then frankly a rerevaluation than that of the stock of wells fargo after last nights resignation of ceo john stumpf because of whats now widely regarded as a massive multimilliondollar now, at first in aft
Go down less than others. Everything is being brought low by the gravitational pol pull of weakness and fear world wide t. Dow plungeing 262 point for closing and reversing down 79 points while the s p declined 4. 3 and the nasdaq fem just 4. 73 . Weve got some first class information, as etell ceos, you need to stop taking the losses personally. Look the market stinks. It might keep stinking until it goes lower. All the weak hands that keep expecting Something Better finally capitulate. Let me give you concrete examples of pasta that dont seem to mean jack in this mark. So you can stop being so frustrated by the action. First, have you noticed the horrendous problems of volkswagon is spilling over to stocks of auto makers. There is some concerns bmw might have emission problems. Whats bad for the goose is good for the gander. And in this case, thats every other Automobile Company on earth. Come on. Bmw has to be in total disarray. There is snow way its sales can hold up at all. Will i
We offer expertise and tailored solutions for Small Businesses and major corporations. What can we do for you . And now, bbc world news america. This is bbc world news america. Reporting from washington. U. S. Intelligence Officials Say the shooting down of the malaysian Passenger Airline was a mistake amendment found no link to russia. And they found no link to russia. 10 years after the issue the 9 11 report, the commission cochairs warn of new and emerging threats. Theyre here to discuss the greatest dangers. Welcome to our viewers on Public Television america, and also around the globe. Tonight u. S. Intelligence Officials Say they believe russian separatists probably shut down Malaysian Airlines flight mh 17 by mistake. There was no direct russian involvement. Forensic experts began to label the remains of nearly 298 victims killed when the plane was brought down. Frontlines,ssing and a journey of 16 hours, became a little closer to home. They arrived in kharkiv, government held t