Nasdaq climbed, s p. 51 im sure you have some stocks. Maybe moving into something a little more placid like the industrials. At back my Old Hedge Fund we reviewed our positions three times a day. Thats right every day. Three times a day id have to defend them to karen cramer, our head trader. If my enthusiasm flagged at all, if there was a negative news story, a downgrade, a price target cut, or even if the stock was just heavy where sellers didnt seem to care what prices they sold their stock at, shed deem it vulnerable and kick it out. Whether i liked it or not. Sell sell sell sell sell it was brutal but necessary. We had to contain our losses they were looking over our shoulders. And when it came to dead money forget about it. Shed say lets boot it and come back at a better time, there are other stocks to own that can win. You see this attitude a lot from people that come on our network, dont you . Theyre running money aggressively they can vacillate constantly i did the same thing
Of the month that could spell more pain. Well tell you what that is. First though, were going to start with what looks like stock heaven todays jobs numbers coming in this morning, stronger than expecteded a sign of perhaps a strengthening economy. Interest rates, they rose sharply this week, but still, theyre low. Oils hovering around 45. That keeps energy costs low for the consumer and a strong earnings season is predicted just around the corner so, is this stock heaven why isnt this rally getting more respect with all those good factors . Tim. Michelle. Welcome to the show, by the way. Stock heaven is definitely an overstatement. I think t a difficult time for stocks i would actually run in the other direction. Its not that i think the markets are in a very dapg rouse place, but were in place and you said it all week, for two weeks. Central banks are, theyre at least dimming down the lights in the party and telling you that the free money, its still going to be relatively free, but
If congress cant agree on a funding bill the government will partially shut down beginning at midnight tonight. The next move belongs to the senate which convene this afternoon. The Senate Leaders say they now will reject the proposal from the republicanled house. Susan mcginnis is in washington with the latest. Good morning, susan. Good morning, annemarie. So many people im talking to have already accepted that a Government Shutdown is coming tomorrow. The latest proposal is guaranteed to be rejected by the senate. The only hint of a negotiation here has been that the earlier house proposal killed obamacare, and this latest one just delays obamacare, but the Senate Remains adamant, and right now neither side is blinking and theres less than 20 hours to go. A partial Government Shutdown begins at midnight unless congress can reach a deal. This afternoon the senate will likely vote down a house plan to fund the government because it calls for a oneyear delay of the president S Health Ca
It was the deadliest day for Fire Fighters since 9 11, 19 members of the Granite Mountain hotshots were killed fighting a wildfire in and around yarnell arizona in june. Today, the state released the results of its investigation, carter evans reports from arizona on the great deal of confusion and lack of communication that helped make it such a deadly day. Reporter the investigation revealed Radio Communication problems between commanders and firefighters in the field contributed to the chain of events that led to the deaths of 19 Granite Mountain hotshots, at one point they lost radio contact for 30 minutes. We do know there was, where they were not communicating, we. While out of communication, the hotshots tried to hike through dry brush to a safe zone, but they had no guidance from fire commanders. They did not know where they were. There is no reason with the technology we have today that they could not have had tracking units on those radios, that they could not have known where
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