Averages dipped in the red and rebounding, dow gaining 31 points, nasdaq advancing. 39 . Yep, i thought id never say this again, but this market is being, are you sitting down, are you in front of your tv set, your tablet, your laptop, desk top, mobile phone, sit down because the strength is from overseas. Thats right. R. O. W. , the rest of the world, and not a moment too soon. Its time to face some facts, people. While the economy of the United States is slowly grinding, getting a little better, not so fast that we lose the feds help as we learned again today with another fed head saying good things, but not so slow, the economics overseas have truly started percolating and they have shifted in the parlance of wall street from being head winds to tail winds. And the absence of real leadership here as i said last night, we can take a cue from over there. For months now, people are doubted my call that europe has turned, but the strongest markets of late have been spain, italy, greece,
Points, nasdaq advancing. 39 . Yep, i thought id never say this again, but this market is being, are you sitting down, are you in front of your tv set, your laptop, desk top, mobile phone, sit down because the strength is from overseas. Thats right. R. O. W. , the rest of the world and not a moment too soon. Its time to face some facts, people. While the economy of the United States is slowly grinding, getting a little better, not so fast we lose the feds help as we learned again today with another fed head saying good things, the economics overseas have truly started percolating and they have shifted in wall street from being head winds to tail winds. And the absence of real leadership here as i said last night, we can take a cue from over there. For months now, people are doubted my call that europe has turned, but the strongest markets of late have been spain, italy, greece, ireland, portugal, all up double digits since june performing substantially better than the United States. Tw
Closing below 1400 for the First Time Since june. Markets around the world are holding their cheollective brea as the allies and the u. S. Weigh options against syria. And such at a tack on syria could send crude surging to 150 barre barrel. And jpmorgan is going to settle lawsuits settled from subprime mortgages. The nasdaq and the s p coming off of the worst levels. And the fears of u. S. May attacking syria in the next few days, stocks are posting the biggest drop in eight weeks on the syria concerns. There is some line of thinking, jim, because today is a big event on the National Mall anniversary of the i have a dream speech, that the president may not act today and he is overseas and so a window of thursday and friday where if they are going to dit, they will do it. I read the speech again and i have to go listen to it. I do, too. And we listened to it tomorrow. Yes. It is on youtube and even though it is online, it is not part of the public domain. True . Yes, we can only play s
Department says the data is not complete, two states with faulty data. That number is probably going to be revised. Europe wrestling with euro production down. In the oned by putin in the times calling for caution in syria. Facebook looking to hit a second consecutive alltime high today. Ceo Mark Zuckerberg changes his tune about the ipo process. Shares of lululemon. And an initial public offering. Ill have more details in a moment. Weve had three tripledigit gains in the dow. Last time we had four tripledigit gains in a row, never. Doesnt look like were going to do it today judging from futures. We did have an eightday streak in july, longer than the sevenday streak. The s p, yes. I was looking at the s p. After that it didnt go down immediately. August was tough so maybe i dont know. Last night im watching the tape and unfortunately we saw some tough numbers from jay crew, which it just shows you if apparel how tough apparel if jay crew didnt do that well and theyre the best there is
Why does this continue to elude people . Why do the talking heads focus on fed tapering or even syria when what matters is the recovery in the two regions of the world that used to produce terrific earnings for so Many American companies and thats why the market rallied today. Sure, it helped that maybe there will be no war with syria, but wait a second. This was about international. The dow gaining 141 points including many of the International Companies in the dow. The nasdaq vaulting 1. 2 . Nasdaq 100, highest level since november of 2000. Hallelujah lets acknowledge that china and europe are returning, please. Why is that so hard . Weve had so much fabulous news out of china, excellent stories about target and infrastructure spending. 128 last time and that was like a 10 move. Now on top of all of this, a fantastic chinese export number, 7. 2 growth versus the 6 people were expecting. Just when so many people had given up on china reaccelerating, and so many others started to belie