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Highs on the same day. Something that hasnt happened since 1999. It was the ninth record close for the s p this year. The eighth for the dow and thats something that would have seemed almost impossible this year got off to their worst start ever. Despite the small move, stocks remain near all time thighs. The doo 18,576. Nasdaq added four and s p 500 dropped one and for the week, all the major indexes eked out smal the small moves fool you. Our next guest says therrewardi. Paul, youve been a lifelong bull. Has anything youve seen lately changed your point of view . Absolutely noe brexit low in early july, just added more confirmatie february bottom. That this bull u market has been rejuvenated. 2014 and 15 were pause years, but this is a brandnew refreshed, recharged bull market and as ive been saying since 2010, its not going to end until we get to a minimum of dow 20,000. Probably in the First Quarter of 2017. Now, there are thos ....
Major indexes settle at new highs on the same day. Something that hasnt happened since 1999. It was the ninth record close for the s p this year. The eighth for the dow and thats something that would have seemed almost impossible this year got off to their worst start ever. Despite the small move, stocks remain near all time thighs. The doo 18,576. Nasdaq added four and s p 500 dropped one and for the week, all the major indexes eked out smal the small moves fool you. Our next guest says therrewardi. Paul, youve been a lifelong bull. Has anything youve seen lately changed your point of view . Absolutely noe brexit low in early july, just added more confirmatie february bottom. That this bull u market has been rejuvenated. 2014 and 15 were pause years, but this is a brandnew refreshed, recharged bull market and as ive been saying since 2010, its not going to end until we get to a minimum of dow 20,000. Probably in the First Quarter ....
Sun hung kai suspended on friday as the corruption trial came to an end involving two billionaire brothers, i hong kongs former number two official. Walk me through what happened. There is a sentencing hearing scheduled for today so we would hear how long these men will be facing depending on what the judge decides. We are talking about hong kongs former number 2 rafael hui. The secondhighest position in hong kongs government. Also, the billionaire businessman raymond kwok and thomas kwok. Sacrede looks at whether payments and rentfree whether secret payments and rentfree properties were given. Thomas kwok was found guilty of conspiring to can commit publicing in office. It was that one charge related to a series of payments amounting to 1. 1 million. It is a drop in the ocean compared to what they are paying their lawyers. This money was actually basically to keep hui this post to sun hung kai. It is the most valuable Property Comp ....
Today. Sparking worries in the broader markets. Some questions whether this is an Early Warning sign of a broader sell off. The nasdaq is coming off its biggest one day losses in nearly a year. The index is on pace for the worst week since october. In the meantime the dow and s p are down 2 in the last three days. As we talk about a sell off lets talk about the hideous elixir. A witchs brew. Or a famous miles davis album. What was that 300 point advance we saw last week after yelen took out patience . How much fundamentals were underneath that move higher . How real was that move higher and what inspired it . What about the recent economic numbers. People are still talking about 3 year in gdp but they seem committed to increased rates so were in an environment where the fed is for all intents and purposes tightening and then i have been making the point you put apple in the dow and youre asking for it. Youre trying to top the marke ....
Strength of the market. I often feel the averages can be misleading. The averages always play a ole in thinking about the power of the move. But its how the market rallies. What stocks make up the advance and why they are advancing that really makes a difference for this guy. First, yes, i care about the direction of the averages. Provided that the wealth in the averages is spread across many different sectors. Remember, there are good rallies and badle rallies. The house of pain. House of pleasure. A good rally has many sectors rising with with good leadership. A house of pain rally is led by stocks representing one or two sectors as was the case in the runup to the financial crisis with the miners, minerals, oils and fertilizerers stocks leading the advance. Thats an unholy group of generals that cant get the job done. More reason to sell, sell, sell. Than to buy, buy, buy. The more the merry and the stronger the rally. That made me excited today. Until today a group was with left be ....