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Transcripts For FBC Varney Company 20140710

Hy was going to say it was the sea of red ink, it is more a pond. There are some greens in there. Not entirely bad news but we had negative news on china trade and Japanese Investment. Of Portuguese Bank is shaky and money printing will come to an end in october. Although negatives contributing to a loss on the dow but it is not that big, 80 points down, that is 1 2 . There are some significant losers among those 30 dow stocks. Home depot 90, goldman, they are all down approximately 1 . That is not a huge selloff but moved to lumber liquidators, that is a huge loser. That cut its outlook down 22 and along comes home depot and several housing stocks down in sympathy with lumber liquidators. Time for the housing sector. The s p 500 was down more than 1 . It is down less than 1 2 . Going the other way the price of gold, the rally continues, we are at 1339, that is a 14 per ounce gain this morning but look at this, this is the Interest Rate barometer. Look at the yield, 2. 51 , that is a s

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