Program Traders News Today

Yesterday was a classic day of rational pessimism. what happens on those kinds of days, the dow starts going down, you get the day traders coming in, program traders, it kind of takes on a life of its own, but if you step back from that, which is what i was doing all day long, as was the president, just look at the fundamentals. hey, this economy is doing gre great, weve got investments flowing in here, record low unemployment -- >> sandra: also and escalating trade war. and certainly, that unce...

Unemployment at record lows, and the best part of the trump economy is that the people at the lower end of the income stream, the trump voters who work with their hands theyre the ones who are benefiting the most from the falling unemployment and the rising wages so this is look, this is an adjustment. its not even a correction. the economy is rock solid. were moving forward. importantly the federal reserve has announced its no longer going to be announcing interest rates far in advance its goin...

In the stock market. once things go down you get the program traders in. here is the thing. this president has a vision. deregulation, tax cuts, lower energy prices. balancing our trade. which is the foundation for this strongest economic growth youre going to see ever. >> im out of time. >> that was too much fun. >> i would love to try to finish this conversation. but my a.p. will have my neck. >> were you able -- >> were only a third of the way through. >> did you lead me to where you wanted t...

Christine is saying is true. >> there is a lot going on because there is that fear. its often tough for people to not have that knee-jerk reaction. >> whats the old saying about the stock market, driven by fear and greed. wh if you look at historically the dips in the stock market over the last 50 years, in most cases they correct themselves pretty quickly. buying the dip, while right now the market is down 100, it was down 300 an hour ago, if youre in the stock market for retirement purposes, y...

Greg: warren buffett. >> exactly. tax-deferred liability naturally find that ironic, dont you? greg: given his political slant towards democrats. since trump was elected the stock markets have soared no question about that but i saw a couple of headlines over the last couple of days that says investors are bracing for a downturn. why would that be, do you agree with that? >> i do absolutely. they are two reasons pretty good look at stock market valuation fundamentally which means earnings as we ...

An oil installation in nigeria. or things that are filtered through one way or another. somebody tells somebody. what is different now is the speed and the transmission method, in this case, by twitter. and what happened in this case, clearly, is that there are an awful lot of program traders, who are following lots of different feeds. news feeds, twitter feeds, all kind of sources. and those traders computers pick up the feeds. pick up the language they would see, ap, bombs, white house, and im...

hes a fascinating guy. all right. >> thanks very much, kyra. all right. lets get you up to speed for this thursday, november 3rd. investors on wall street are watching whats happening in europe and were keeping a close watch on the markets and your money. stocks open higher after a decision by the european central bank to cut interest rates right now dow is up 94 points, but every little cent counts at the g-20 summit in france. president obama met with french president nicolas sarko...