Shocker the fed got clobbered, by. 36 and the nasdaq plunged. 26 . It was a meeting that happened about a montha ago has almost always been a suckers game. The selloffs are rarely more than just a head fake with no real, lasting impact. It doesnt mean we cant go down more after the run weve had. I certainly cant say that. In fact, its the opposite and were due for a bit of a bruising, and it wouldnt be exceptional if we didnt it would be exceptional if we actual willy didnt have a bruising, but thats why i feel why tonight is a terrific time to explain why i do still think were in a bull market despite the negativity through todays session and yesterdays. So i need you to go back. I need you to do your literary homework here. Remember tolstoys classic line . All happy bull markets are alike, but each bear market sun happy in its own way and anna carren ina. Its a great metaphor. Indeed, bear markets are hideously unhappy in all sort of different ways. It could be caused by a financial
Shocker the dow got clobbered, s p backslid,. 36 and the nasdaq plunged. 26 . It was a meeting that happened about a month ago has almost always been a suckers game. These fed minute related selloffs are rarely more than just a head fake with no real, lasting impact. It doesnt mean we cant go down more after the run weve had. I certainly cant say that. In fact, its kind of the opposite and were certainly due for a bit of a bruising, and it wouldnt be exceptional if we didnt it would be exceptional if we actually didnt have a bruising, but thats why i feel why tonight is a terrific time to explain why i do still think were in a bull market, despite the wave of negativity through todays session and yesterdays. So i need you to go back. I need you to do your literary homework here. Remember tolstoys classic line . All happy bull markets are alike, but each unhappy bear market is unhappy in its own way in the seminal stock treatise anna karenina. Its a great metaphor. Indeed, bear markets
But do i like it much better than the happy music at the top . I do. Do you . I think well get sued because it so clearly identifies with the walking dead. We had our walking dead pictures up there. That is why we have lawyers, dont we . Probably more overall financial pep than amc. Were bigger so we win . Andrew, isnt that how it works . Money controls youre tempting fate. We have the money. I think they like it its the biggest tv show in history almost. And what do they say about imitation being the highest form of flattery . There you go. Forget sugary chocolate the Global Market is getting an entirely different boost this morning with the bank of japan expanding monetary easing. Policymakers citing worries and a decline in oil prices that can hurt the areas. The yen dropped below did dollar to its lowest level since 2008, 1. 6 0. Check out the futures, at this point, there are some huge up sides to this. Dow futures look like theyre indicated to open up about 188 points. The s p fu
If this doesnt wreak of romance, i just do not know what does. A valentines day tour of new york citys biggest Sewage Treatment plant. This is not a joke. The city says tickets for threehour tours are nearly sold out and highlights include the giant eggshaped receptacles. Thanks for watching street signs. History always repeats itself. Closing bell is next. Hi, everybody. Good afternoon. Welcome to the closing bell. Im Maria Bartiromo here at the new york stock exchange. Stocks mixed at this hour. The dow struggling to stay above the 14,000 level and the nasdaq modestly higher. Just a reversal. Im bill griffith. Well see if the dow can rally back. Were at the lows of the day right now but also following these stories on todays ram. The ceo of dow component cisco will be with us. John chambers will join us moments after the Company Reports earnings. Will the results move us closer or further away from a new high . Plus a lot more to get into with the always outspoken John Chambers. Hes
Reporting a 57 drop in Second Quarter profit as production slide. Change of feelings in j. C. P. Bouncing back after falling yesterday. The retailer refuting published reports about cuts in its financing. And whole foods beats on earnings but the sales growth misses expectation. Well talk to the coceo walter robb later this hour. First up, coming off an upbeat july, futures show a strong august adding to the positive sentiment, claims lowest level since early 2008. Not participating, though, is exxon. The dow component with an earnings miss. Profits falling 57 in the Second Quarter. The Conference Calls not until 11 00, jim, but there were no big onetime items. A little confusing . Exxons become a very plodding company. I always like to rate the Oil Companies by the Production Growth because in the end the companies can be growth stocks. Eog, how can you compare the two . Were a Global Company but you get lots of cash generation from exxon. You got 4 billion in buybacks. They spend for