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First day might portend a negative year because it hasnt happened in ages. Please. Im saying todays action where the dow ended up gaining 29 points, although it was higher in the afternoon, nasdaq declined. 27 . Shows the whole idea of any one session meaning anything is uninformed. Downright foolish even. Wall street gibberish. Days alone do not set precedents. However, im a big believer that a year matters. A plus 20 or more year like 2013 has almost always been followed by another good year. Thats right, in 14 of the last 17 years when the market was up better than 20 , the next year we had an average gain of 15 . And even if you count the three clunker years, youve got about 11 gain. Thats not too shabby. Still, i respect this is a clearly what have you done for me lately market. And well find out next week when we get the first earnings reports of 2014. And the first nonfarm payroll report next friday. Let me Say Something rig ....
Yesterday when the alleged has happened in ages. S p dipped. Theres this whole idea of any session meaning one thing. Wall street gibberish. Days alone do not set press dents. However, im a big believer in the idea that a year matters. Stop sweating the one day program. You still have an average gain of 11 . Thats not too shabby. Still, i respect this is clearly a what have you done for me market. Well find out what the market is going to do next week when we get the first earnings reports of next week and the first payroll report next friday. These are things that move the stocks. They are the fund mentals of why the stocks go up or down. We must never minimize them. The edge i bring to you. My edge, the edge i bring to you, the edge i spend a whole chapter explaining in my new book, how to read and dissect a Conference Call. How to get down to it. What you need to listen to, the metrics, the key pieces of information, the parts ....
Off with the fiscal cliff. The president meeting with more ceos today bringing his plan straight to the people culminating in an appearance in a factory later this week. Costco joins the dividend parting initiating a 7 a share payout on top of the regular dividend. And a shakeup at groupon. The board may be considering cofounder being released. Theres powerball fever. 500 million big ones in the pot. How would you spend the money and how does the fiscal cliff factor in . Well talk strategy with a former Lottery Winner. We begin with the fiscal cliff. This afternoon president obama is scheduled to meet with several Business Leaders including ceos of home depot, macys, caterpillar and at t but futures are falling with signs there are troubles with negotiations on capitol hill. A market credible deal to solve the cliff is key to economic growth. That annual growth idea, that p ....
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