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Many days . Sure, best way to tackle it for me would be to explain what my attitude was coming into 2018 and what im thinking presently. I came into the year thinking the market would trade in the range up 10 at best maybe down 15 at worst. That there was much too much complacency and i like to come back and discuss each separately too much complacenccomplacency. Everyone was many the same side of the boat. When everyone is in the same side, youve got to wonder a little bit third and most importantly, the conditions for a bear market werent present and the good Stock Selection would be rewarded not with standing the market, i dont think the market has the 15 downside mainly because the economys performing better and earnings are doing better. So i would say the downside is not 15 if im right id implore however the regulators in the Financial Services industry to deal wit ....
Somewhere, and i promise to help you find it. Mad money starts now hey, im cramer. Welcome to mad money. Live from minneapolis. Other people want to make friends. Im just trying to make you some money. My job is not just to entertain but to educate and teach so call me at 1800743cnbc or tweet me jimcramer. We got rocked today. And we need to talk about the significance of this break down. By no means was this a garden variety selloff. Not some shrug your shoulders no harm no fall selloff nasdaq plummeted 1. 96 how do we get hit with such a brutal decline if you are experiencing such a placid multimonth rally, tonight we are live so i can explain how it happened. I am going to take advantage of the fact that we are out here in minneapolis for the super bowl and talk to a couple of guys so you can put this in some sort of context. First, before we delve into the proverbial bears belly, we must never forget that we had a terrific run in the stock market the rally brought a huge number of ....
Fiveday losing streak for stocks in some six months. Worries about chinas market meltdown and earnings here at home unsettling investors. Josh, is that really whats at play and what has more weight on the psyche of investors, or china . I think the china thing is really weighing on the psyche of investors but its important to keep in mind whats happening in china is really happening against the backdrop of a weakening picture for the market and the reason why thats important to people outside of just a handful of technical analysts is that people actually own stocks and when they look at their portfolio every week, they see less and less of them green, more and more of them red. You see this in decline, highs minus lows, up volume versus down volumes, the percentage of stocks above their 200day moving average. That number continues to plummet each week. People feel less and less good about the advance. And now you have this eightmonth consolidation period where stocks essentially have ....
Pete, its the least volatile september ever you guys are going to dive into that in a bit over at the telestrator to show us exactly how. But man, the stocks have been steady. Yeah. And i think part of the story, scott, is just the fact that you mentioned steady we talked about rotation those all feed into this i heard bob pisani talking about lack of volumes. But its not a lack of volumes in the derivatives world or options world where we are consistently trading close to just under 17 million contracts a day. This used to be a number in 2011 that was closer to 14 million a day. It started to grow we peaked out at 18 million and here we are trading just under 17 million a day so there is volume and there is volume in the derivatives markets and other parts of the market unfortunatelwere not seeing h of it at the new york buthink the healthiness of this rally oat least this sustained area of near these highs, establishing new highs almost daily has been because it has been a healthy ro ....
Good tuesday morning, welcome to squawk alley. We are at post nine on an incredibly busy news day. First it was tech ceo, then law marks, now wrapping up a meeting with pharma executives. Meg has the latest from that meeting. Pharma stocks are in the green after this meeting. Trump strikes a more balanced done. He said that prices need to be brought down, be he also talked about streamlining approval. U. S. Drug companies have produced Extraordinary Results for our country but the pricing as been astronomical for our country. We need to do better. New drugs have lead to longer and healthier lives, but we have to do better accelerating cures. Were forced and accelerating approvals. Trump talked a lot about accelerating the fda process. All of the leaders at this meeting today are all in the green. Trump also saying he is close to appointing an fda commissioner who he is very happy about. A lot of the companies around the tab ....