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Keep repeating it on days like today when the dow tumbles 133 points. The s p plummeted 1. 18 . After two day rest but this market is back in selling pergatory because a couple of things are happening. That doesnt stop them from taking action though. The first thing thats moving too fast is oil. It has lots of people panicking. Three months ago our single biggest worry was the pending collapse of oil and all that goes with it. Remember when we thought there would be Bank Failures because of plunging crude . Most of those banks turned out to be solid lenders or how about the high yield bond market. We just kept hearing about how 200 billion in debt was at risk and when these companies stopped paying their bills the oil and gas segment could bring down the whole financial system. I even added the hyg to my screen. Thats a high yield Corporate Bond etf in order to monitor the pen ....
Three days in a row of 10 hours of netflix each day. Besides reading news. I had to catch up. Reading all news all weekend long. And watching. Lets get started with the headlines. Another home run for carl icahn. Forest labs agreed to be bought by actavis. Icahn has been pushing for sale for more than a year, he is the secondlargest shareholder in forest labs. Off. Rsistence pays he has threatened a proxy fight for the last three years. To appease them, the company give him some seats on the board and he got his guy as ceo. As a result, you get the outcome that carl icahn wanted all along. Forest labs to be bought out. He is different from the other activist investors. How many years has he been invested here . At least three. Lets not forget the fact that he came into the stock saying it does not have scale, it does not have a sales force that is as strong as the other players. Forest is of the day, not a slamdunk hit for activists. It has a problem developing new drugs ever since its ....
Department what is the need for pdr certainly theres a lot of pdr spates its going to stay empty when our asking spaces for pdr they have to contract theres a loopholes now i ask you to stop did madness and ask the Planning Department to do their job. Thank you thank you, sir. Supervisors mike pecuniary trades council ive been a long supporter of pdr under an understanding it has two aspects one passenger door either produces something that produces the needs of the city or the other aspect is that it employes a imply collar wells fargo like supervisor kims. This building whatever its supposed pdr function if house that function right now and it may support that or enhance f it in the city i think its telling in the Planning Departments description of the building that it did service the function at the beginning of the last density but a preforklift type of buildin ....
Costs are down. Goldman sachs for thirdquarter earnings, look at the markets today. Welcome to Market Makers. Miller, im excited to look at these markets. Im excited when i see big swings in markets, that is what i live for. And trucks. Yes, not as bad as it was at the open, the dow jones just down 100 points. The s p 500 down. 75 . Were up wellad but over 1 at the open. If you look at the market i will not say it is unchanged but in the grand scope of things it hasnt moved that much. The issue is, it has been an extraordinary, devastating, tearjerking roller coaster. Sick to your stomach and want to go home. Say you can say were unchanged if you look at the s p 500 year to date because yesterday we gave up all of our gains for the year, and that they and of yesterday when jan yellen came out dovish, where looking at an unchanged picture today. On the s pegative index. Europe took it on the chin again today. I dont know where that ....