Something. The best stocks, theyre never cheap. They rarely come in. And when they do, you got to be ready to pounce. Buy, buy, buy the good news, rarely is not the same as never. Every now and then you do get meaningful pullbacks in truly high quality stocks. The bad news, when those pullbacks happen, most people tend to be too afraid, scared to do any buying. And you know what . I cant blame them case in point. The stock of costco. I think the world of costco. Im a proud costco member. Gold star. My wife lisa is an executive club member. She lords her status over me every time i shop there, im blown away by the prices im a twocart shopper the bargains are so great, one cart is not enough were like a train when we go there. We buy costcos private label products why . Because theyre usually better the place never fails to amaze my trainer jim, this week he bought a car from costco they gave him a better lease deal than anywhere else. Fish, beef, crab legs, glasses, diamond rings, shirt
Whatever. As we saw today with the averages getting hit hard in the morning, only to recover later in the day. Dow only falling just 59 points. Remember, how ugly it was in the morning . And the nasdaq climbing 0. 08 . You would need a microscope to see that decline. By the way, did you notice anything special about todays close . Me neither. All right. You saw the whole kit and caboodle this morning. The whole frightening specter to ecke stat exuberance firsthand. I love squawk. If you didnt hear it, today you missed a virtuoso performance from Erskine Bowles of Simpson Bowles fame. Bowles was real calm when discussing the Government Shutdown. Basically waxing philosophical like the rest of us this political, kabuki. I pondered how resigned he was about it. Pretty much like the rest of us, right . This shutdown has become business as usual. Even as two million workers are faced with all kinds of sacrifice and the Ripple Effect will hurt the economy, without the insurance money flowing
Whatever. As we saw today with the averages getting hit hard in the morning, only to recover later in the day. Dow only falling just 59 points. Remember how ugly it was in the morning . And the nasdaq climbing 0. 08 . You would need a microscope to see that decline. By the way, did you notice anything special about todays close . Me neither. All right. You saw the whole kit and caboodle this morning. The whole frightening specter to ecstatic exuberance firsthand. I love squawk. If you didnt hear it, today you missed a virtuoso performance from Erskine Bowles of Simpson Bowles fame. Bowles was real calm when discussing the Government Shutdown. Basically waxing philosophical like the rest of us this political, kabuki. I pondered how resigned he was about it. Pretty much like the rest of us, right . This shutdown has become business as usual. Even as two million workers are faced with all kinds of sacrifice and the Ripple Effect will hurt the economy, without the insurance money flowing i
the green as well as we sit two days now from the end of the quart quarter. our road map begins with the markets and good economic news on the personal income, and economic benefits and may give the bulls more room to run, but could the fed speak today put a wren inch the rally? well, the clear wire rally is over. and now what is dish and charlie ergen going to do having dropped out? food and shelter and two earnings coming out, conagra and k.d. home. and boeing ceo opens up to jim cramer about the dreamliner battery debacle, and here what he has to say. that we will have coming up. what a show on mad. we can t wait to talk about that. but first, the dow is poised to open after the triple-digit rally yesterday. and we have had the most trading in a month since 2011 and wall street is bracing for comments from the federal officials including the fed chair of new york dudley. if there is a spokesman for bernanke other than yellen, it is dudley. he is supposed to tal
is absurd. this market is ridiculously overvalued was the case again today with dow jumping 63 points, s&p climbing 3.6%. nasdaq advanced.09% and all i heard was yep, it s bubble, bubble, toil. and, indeed, trouble! i rebel at the sim list particular line of reasoning, it tends to come from people who haven t liked the market for ages and ages or more important, do not know about individual stocks. if they did, i think they would be drawing different conclusion cans. so tonight we re going to tackle the bears who think we re in a bubble. attack them head-on. we are anti bubble heads! we re going to find out where they are right as they are in some places, i m not dogmatic. and where they are wrong. and we ll print this bubble talk before it gets out of hand, and we re also helium! first, how about the overall market. is it too rich. let s consider the s&p 500. right now we re taking 15 times earnings for the s&p 500. that price to earnings multiple lingo may elude you. suffic