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[dramatic music] the martha stewart story is very much about having no limits. in a male-dominated business world, she became a self-made corporate titan no, you cannot say this. by being the most intimidating homemaker on earth. martha stewart became an icon of design, icon of cooking. but there were always people who wanted to be against martha stewart. we re looking for imperfections. we re looking for cracks. we re looking for the fall. we re here to announce criminal charges against martha stewart. [chatter] this year s ipo activity so far is about $9 billion. i think it s a mania going on right now. the 1999 initial public offering market blasted off with internet frenzy. some of these valuations are in another galaxy. i ve never really seen anything like this. so at this time in 1999, this was the dot-com boom. this was the heyday of initial public offerings, ipos, on wall street, right? so there was money flowing into these companies, and martha stewart was a ....
[music playing] little did i know, i was making a brand. i have been told that by many advertising executives, by many madison avenue types, that what i was doing was really making a brand developing it, nurturing it, building it, protecting it. the big, big turning point was when i wrote my first book. 10 years after i published entertaining, i sold more copies that year than the first year. so it kept going like that. snowballing. every single book was a big bestseller. and it s exciting that the voice has found, the brand is built that s very valuable. at the very end of entertaining, martha asked if i d do a second book on weddings. of course, i said, yes. the book, weddings, comes out, which is a really beautiful book. now this, this is weddings. now, tell people what you ve done here. could you do a wedding for me? i absolutely could. now, what would that entail? well, you would consult with me. because i m not catering anymore. i used to cater i cater lots of t ....
corporate titan no, you cannot say this. by being the most intimidating homemaker on earth. martha stewart became an icon of design, icon of cooking. but there were always people who wanted to be against martha stewart. we re looking for imperfections. we re looking for cracks. we re looking for the fall. we re here to announce criminal charges against martha stewart. [chatter] this year s ipo activity so far is about $9 billion. i think it s a mania going on right now. the 1999 initial public offering market blasted off with internet frenzy. some of these valuations are in another galaxy. i ve never really seen anything like this. so at this time in 1999, this was the dot-com boom. this was the heyday of initial public offerings, ipos, on wall street, right? so there was money flowing into these companies, and martha stewart was a household name with a storyline that wall street could understand and get behind. she s in the middle of an ever-expanding martha universe ....
29 points. The nasdaq fell 11, s p down 1. Gold was up 11 dollars and oil moved down a buck 27. Traders tuned in as outgoing chairman bernanke defended his policies aimed at economic recovery which included a massive bond buying stimulus program. Mr. Bernanke also says he anticipates a stronger economy in 2014. And tomorrow. President obama will host an event at the white house for some workers whose long term Unemployment Insurance recently expired. Hell deliver a speech urging congress to pass a bill to extend those benefits when they return from recess today. Chris gersch of altimus capital joins us now, good morning chris good morning. Were now into the first few trading days of the year. What is your gut reaction about where this market is headed . My gut reactions is to really go with what history has told us. And with the santa claus rally thats adding up the five days after christmas along with the 2 days right aft ....
The biotech index is the new vix. Though today the vix is the new vix as well. Oh, how quickly things unravel. The nasdaq is down more than 7 from its high of just a month ago. The russell 2,000 is as well. The Dow Jones Industrial average by comparison is only after 2. 5 from its 2014 high. Thats only a reflection of how poorly it had done relative to the nasdaq until the last week or so. The dow is down 1. 3 . American extress, disney, microsoft, jpmorgan whose earnings are coming down right in front of us here. Some of the real rate sensitive names, rate sensitive parts of this market as that tenyear continues a jawdropping drop db pardon the repetition there is one thing thats getting peoples attention. You can look at some of the big insurers, metlives, and see the pain there. People are jumping out of those higher rate moves. What do people do when they feel pain . They eat and they shop. Mcdonalds is the best performe ....