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Gaining 14 points, s p, and the nasdaq climbing. 05 . You have to admit its pretty amazing, especially because at one point we looked like we could be down at least a percent from the get go and slide even further. Just think of everything thats gone wrong in the last 24 hours. First of all, sprint walked away from buying tmobile which totally wrecked the big consolidation play that couldve led to stable pricing and more profits for all the phone companies. Plus, the new company, sprint, will have to spend even more money to complete its next generation buildout. The idea was you can tag team with tmobile and not have to spend so much money. The crushing of sprint down nearly 19 today. Shocked those who were betting the deal was basically done even as tmobile, which was down 8. 4 have been playing very close to the vest recently. The justice departments involvement in blocking the steel suggests the antitrust regulators might be making a comeback. Big huge ugly negative. That was sprin ....
Points, s p plummeting 2. 28 , nasdaq diving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows one number can be explained away, but two . No. Whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are supposed to go higher, but they arent. Maybe the emerging markets arent strong enough. People are getting nervous ....
Witness the dow plunging 326 points, s p plummeting 2. 28 , nasdaq nosediving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows that one lousy employment number can be explained away, but two . No. Thats when people talk about a slowdown in the economy, whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are su ....
Permanent one, but i know from the flimsy deal its only a few weeks maybe a couple of months at most before my washington vacation is over. And the political ugliness is once again front and center. However, the simple removal of washington from the equation coupled with the slew of Earnings Report contributed to strong Market Action today. Dow back slid two points, but the s p rallied. 67 , nasdaq climbed. 62 . You have to discount the dow, these days, by the way, because ibm, Goldman Sachs new dow entry and united health. Three big stocks all reported disappointing numbers. So much for that indexes representational powers. So tonight im going to talk about the triumphs and tragedies in the corporate world. Companies executing magnificently along with the companies that seem to have lost their way and desperately need a ....
A phenomena that gloriously stopped today. Dow dropping 27 points, s p and the nasdaq both shedding 0. 1 . As we hit a legitimate bottom down about 6 , we have been rallying as if things are terrific and getting much better. You know what . Thats fabulous. Or at least it will be fabulous if it were true. But its not. Truth is, we have some good, we have some bad. Real concerns. As well as some pedestrian ones. So tonight were going to explore the notion of the two tracks. The track of sanity. All aboard and the track of recklessness. The track of rational. And the track of irrational. So we can make sure to stay on the right one. If were not careful the irrational track will end on the dreaded third rail. First, whats rational . Okay, well, we want stocks to go higher when they beat and raise expectations. We want stocks to go down when they miss expectations or do something that hurts their earnings. When nothing happens, well guess what, we want nothing to happen. We want stocks to d ....