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June 20, 2024
It looks like were looking at a lower open for the dow. As for the action in europe, really, the action focuses on italy where theres an impending political regime change. More on that in just a moment. The road map starts at the golden arches. Mcdonalds blowing out expectations for november sales after the dismal drop in the month of october. Hoping to fuel the rise, the bacon onion cheddar sandwich. Theres one thing for certain, taxes on top earners are going up. Turmoil in italy. Berlusconi t...
June 20, 2024
To kram measure ker ka. Call me, 1800743cnbc. So thats what it will look like if we fall off the fiscal cliff. Im talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. S p seeking. 63 . Nasdaq, punching. 72 . Because now its dawning on stock holders they are facing Something Like the debt ceiling debacle. If the armed camps in washington dont disarm, and agree to talk to each other in a serious way, and not just the b...
June 20, 2024
The bear market with some bullish advances to an out and out full blown bull market. This was the year where we finally vanquished the demons that haunted this market since the nasdaq top at the beginning of the millennium. This was the year where things worked out where hard issues were resolved positively. The house of pain. And good news translated at the end to, yes, good news right down to todays action where the stock market toasted a fantastic 4. 1 Gross Domestic Product game. With a darn...
June 20, 2024
To hit a new alltime high. Were very close to that, as a matter of fact. One question here at the schwab Impact Conferences, whether or not the individual investor is back. Theres a debate on that issue in certain circles. Probably nobody has better intelligence on that than the man who runs schwab, ceo walt b bett bettinger is with us. In fact, schwabs stock is at a multiyear high as a result. Here we go again, my coanchor, the budget battle could be hitting an impasse already. Taxing the socal...
June 20, 2024
Have to talk about what transpired this year. This is the year we went from the bear market with some bullish advances to an out and out full blown bull market. This was the year where we finally vanquished the demons that haunted this market since the nasdaq top at the beginning of the millennium. This was the year where things worked out where hard issues were resolved positively. The house of pain. And good news translated at the end to, yes, good news right down to todays action where the st...
June 20, 2024
S p climbing. 6 . These are the two most vital groups to any advance because frankly theyre the classic leaders of any advance. Theres so many Financial Institutions out there, so many Tech Companies involved in semi conductors, xhunlgs, big data. True hardware plays that its really difficult to crush the entire market when these two groups are going strong. Sometimes it helps to analyze the market as though its made up of a series of neighborhoods. Right now the socs and financial eotf are fant...
June 20, 2024
What has gone wrong . The bureaucracy. Like they are up against job of the hut the unions and the paper pushers. Destroy the system. Bring on the creative destruction. Who would disagree . And reformers who thinks city schools are terrible because of union. The test scores is not what we choose to focus on the. I know my kids are learning when i look in their eyes. Give me a break. Over my dead body. A few years it unions are mad because the chargers can fire the bad teachers. What is wrong with...
June 20, 2024
Putting the band back together, the president hosting Party Leaders at the white house trying to find middle ground on dealing with the coming tax increases and spending cuts. The damage done already to american business, uncertainty and looming tax burden has owners up in arms. Can housing continue to recover among all of this . Why washington should not pull out the rug from under this rebound. Ship wreck, massive port strike that could happen this weekend halts commerce for the country. Top o...
June 20, 2024
Instinct tells us flying is dangerous, charity helps the poor, price gouging is evil and every adult should vote. Tonight we challenge your instincts, who helps the poor more, charity or business . The charity or business . Charity. Harity. Charity. John is that true . Selfinterest. At true . More people than charity ever did. Pe has. Then, what scares you . Are you scared of flying . Bis is much more likely to killl you. And finally, its your duty. I i say, say some of you shouldnt vote. Becaus...
June 20, 2024
As more and more countries use coal in just five years, china will be the number one consumer of the socalled dirty energy, well talk about that with an environmentalist, also, we also have our eyes on washington, of course, lawmakers are on vacation, but there still is no deal on taxes. Nearly every american is going to have to pay more in just eight days if congress cant reach some kind of an agreement. Checking the big board right now, the Dow Jones Industrial average is down about 41 points....