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Have less to fear if theheed raises because the fed will probably not hurt the economy when it does what its going to do in less than two wes. With that in mind we should be back to picking stocks in the expectation that theyll go o higher if the numbers are good and lower if the numbers are bad. Who knows . Maybe we could even leave crazy town soon afterwards. It is too nutty even for me. Terry in pennsylvania, terry. Cal`er jim, a great big booyah from scranton pennsylvania. Man, thats where my grandfathers relatives went. Fabulous town. Caller come on up to our parade some day. Scranton is beautiful. Underrated. Caller it is. Its not real through. Go ahead. Caller thats right. Listen my ughter has some cash and is looking for some longterm investmemts. She is thinking about bp but im afraid theyre going to cut their dividend and the stock you mentioned a good thing. Long. Term investments and one of the things that were seeing is a revulsion to all fuels for the longterm. So terry w ....
Maybe it doesnt matter that much. Its almost as if were in some sort of weird post Industrial Society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in its impact in the overall economy. Thats amazing. I mean, look, if this were 20 years ago i would tell you that we would go into recessions. Its a sad statement that theres not much industrial in this company but thats the way it is. Were now operating under the assumption that everyone with a pulse knows that the fed is going to raise rates and well just have to wait to see what it says in its commentary when it happens and its going to happen in a couple of weeks. A one and probably done for awhile statement accompanied with that rate hike will probably give us plenty more days like today. Until then, lets proceed with a business attitude and go to the so next monday, aft ....
Opec. Heres where it is trading at this hour. Well off of its best levels. Its a gain of more than 7 today early on. So a 5 production cut. What does it mean . It shows you the power of saudi arabia in all of this. I remain skeptical of the whole story. Were already hearing that the iranians are balanceking. It tells me that we neared or are in the pain threshold zone. I still think we can go lower but its gotten their attention. Thats what i so you dont believe the story . You dont believe the headline . No. Do you think theres going to be an opek meeting . No. Maybe others are skeptical too. Thats why those gains were greater than 7 . Joe had evaporated nearly as quickly as they ran up. I dont know. I still think the market is moving higher. Got a range of 26 up to 37 for the year. Trying to figure out the fundamentals of oil are incredibly difficult. More sentiment driven and technically oriented. A lot of last weeks expiration. What happened on the bottom. A lot of the guys i talke ....
The fed is not going to get in the way of a good holiday season. You know what . Heres something you can never do, you cannot fight the fed. And thats led to this bull markets continual rejuvenation. I think next week the same getting closer and closer to year end. I have to remind you again that of the four times weve come into november up more than 20 in the s p 500, we have never been down for the combined months of november and december. Thats a big reason why earlier this week when the end of the world came out i gave you my whole story handbook on bull markets. All happy bull markets are the same. And you have to buy them on any weakness. No wonder tulsa was one of the few richest in his time. Whats your game plan for next week . First, on monday we hear from perhaps one of the most Impressive Companies i have dealt with in ages and it is called workday. We spoke to coceo of workday and i was blown away by the ambitiou ....