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By u. S. S. Chesapeake. They could apply well on a day like today. S p declining. 23 . Sit a day when too many people seem too eager to give up the ship. In fact i think that phrase applies better to the market. Let me give you classic cases. Keep the ship afloat. They surrendered when they should have kept fighting. One of my favorites. It has been stuck . A rut because it has been okay. You would have missed todays amazing move. Ppg is doing exactly what you would expect it to do, what they have always done. Over the years ppg market has climbed higher and higher and higher. If you were a bu...

First we start off with what seems to be trumps indestructible rally. The dow hitting alltime high out of the gate this morning. The s p and nasdaq having their best day in two weeks and all of this on the face of huge events over the weekend. That would have normally shaken the markets. Trump tweeting, almost taunting china and italy with a historic no vote on a constitutional referendum that could shake up the country. And an you will but certain rate hike next week and investors buying anyway. Can anything take down this trump rally. Should we call it the teflon trump rally . Something is g...

Plows 1 billion in two uber rival didi. Half an hour away less than. Its friday the 13th. I wont draw any correlation between the date and the board. We are trading down, softer this value telling us that the axle open down around one half of 1 . Inlondon market looks like will be down 1 10 of 1 . Friday the 13 risk off. Caroline it is certainly unlucky along asian markets. People moving money into the dollar, outlining the hawkish tones coming out of the fed. Thats two days of gains for the dollar. Meanwhile, the yen is trading higher. But isromo. 6 this week currently off by 4 10 of 1 . A fl...

Mea meant. Investors run for the exits. 181 points. Speed plunging 9. 4 . The house of pain. Remember how this market works. It has not one but two masters. The first is oil. If oil rallies, the stock market almost always goes higher. Thats been the pattern. Been the pattern since the bottom on february 10th, which is easy, because its my birthday. The federal reserve. Its one mean task master. Bulls want this these two separate. You know who always wins in the bear is almost always the first, lets set the stage. Yesterday was one of those bizarre up days where nothing happened. Nothing signif...

Up to this point. After the gains we saw here, gains in oil prices, this morning the dax is up by 0. 8 . The cac and ftse 100 up by better than 1. 1 . Italian market, spain market, gains across the board better than 1 . Lets check out currencies right now. You can see the dollar is up across the board. Euro at 112. 11. Dollar yen at 101. 40. All of this is because of what we saw with oil prices. That is the big story were watching now. Watching it quite closely. Prices spiked yesterday on word that opec agreed to limit production, meaning the cartel would cut for the First Time Since the finan...