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 aloe seven years ago just by being an index fund. Theyve done fabulously since the bottom. Dow rallied 160 . S p the typical fund up 194 . Nasdaq soared 269 over that period of time. Many casual observers of the show think i dislike index funds. Couldnt be further from the truth. In fact, as ive said repeatedly, to the point where i dont even knowfy need to say it anymore but i will, you shouldnt even think about owning individual stocks until youve invest the your first 10,000 in an index fund. Th
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 may disadry. The simple fact is you could have spotted with your own eyes and habits some of the top 15 gainers since the haines bottom. Those to say otherwise dont want you to feel empowered about making your own investments. Stupid. I dont. I have the utmost respect for you and your abilities, which is why i come out here every night and try and teach you how did put those same abilities to use. So what are the best performers since the bottom seven years ago . Unfortunately, the best of the b
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 aloe seven years ago just by being an index fund. Theyve done fabulously since the bottom. Dow rallied 160 . S p the typical fund up 194 . Nasdaq soared 269 over that period of time. Many casual observers of the show think i dislike index funds. Couldnt be further from the truth. In fact, as ive said dont even knowfy need to say it anymore but i will, you shouldnt even think about owning individual stocks until youve invest the your first 10,000 in an index fund. Those who go jim cramer on twitter
Of our brothers. Authorities identify a new suspect linked to the paris terror attacks. Meanwhile french president hollande and u. S. President obama agree to step up air strikes in syria. A tale of two units. Hp inc sinking in after hours trade while Hp Enterprise jumps on a solid profit forecast. Ubers global head hints at how the ride sharing firm could be carrying more than just passengers in the future. Its part of who we are and this logistics platform is capable of doing more. Welcome to worldwide exchange. A lot to get through. Great conversations coming up julia live in brussels. First lets give you the latest on this story. Now the turkish president saying his country will not escalate tensions with russia following the downing of a Russian Military jet by turkish forces. Speaking within this last half an hour he said turkey had shown restraint and didnt know the downed jet was russian. The turkish president also defended the actions of his forces. We dont have any intention
The s p 500 also weaker, down 9 1 2 points, twothirds of one percent. The dow posting a sixday losing streak. Bob, over to you. Reporter the problem is they cant quite decide in the stock market whats going on, but the bond market doesnt seem confused. Putting up the full screen. The Federal Reserve minutes came out this afternoon. The fed is trying to keep its options open. Thats whats going on here. They said theyre split over the taper timing, not over tapering, but the timing of tapering. Thats why a lot of traders expect taper light in september, instead of going from 85 billion to 60, 65 billion, go to 70, 75 billion, and thats where you get the consensus. The dow, take a look at this. The minutes come out. The dow drops 50 points. Then, a few minutes later, it rises 120 points. Then, it reverses and drops 120 points. You make sense of that. Bottom line is, the bond market doesnt seem that confused. Put up the 10year yield. The bond markets been up throughout most of the day. Yie