Warning emerging markets need to prepare for capital flight if investors are surprised by the timing or pace of changes. Even if this process is wellmanaged, the likely volatility could give rise to potential stability risk. And echoing her warning, a Hedge Fund Billionaire says the Federal Reserve could calluse a 1937 style shock and slide. Hes steering clear of big bets on the Financial Markets because they could be unseen consequence of changes to the fed policy. The new manager of the funds at pimco seeing a bigger return than his boss. Right to the breaking news desk where scarlet fu is looking at the action. Scarlet another triple digit move. Breaking news from the cme. It is in talks to pursue gfi Technology Assets after losing a takeover battle. If you look at the screen behind me this is gfi groups shares right now. There is a pop on the headline. It is still up 1. 5 percent from the session. As for the broader market, u. S. Stocks are lower but they basically have a raised a
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe
The stock market ever since Interest Rates started to go higher a few months ago. Today was one of those days and produced some fabulous results. Dow went up. Nasdaq rocketing 1. 1 higher. So went right, what did the market like so much . Its a compelling mosaic. One thats directly related to steals and earnings of the individual Companies Reported and much less to do thank heavens with the big mac row day that that comes out of the u. S. Government. Maybe we have been blinded by good news because of the uncertainty surrounding syria and the rise of Interest Rates. But when you get a sense that the government can do something, and that the republicans will work with democrats even if its toward a resolution to action in syria, that allows you to focus on the news of the individual companies and measure what it means for the earnings and therefore for their stocks. And when Interest Rates dont do much of anything, people feel emboldened to buy buy buy, not sell sell sell. Me, im still i
We may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. You cant come from a given day like today, dow 107 points, hey, happy days are here again, right . This is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. However, i think its been increasingly apparent that we actually may not get a deal in time of the january deadline, something Warren Buffett pointed out. You dont need to change your philosophy just because we cliffed you. Long term it might not matter. Not all of you share his sangwin multiyear view of stocks. He can afford to take the long view. If we take the plunge over the cliff, it can cost everyone 2 million, makes everyone pay more in taxes. I dont really want to have this gear. The president said today he thought a deal could be done by christmas. The speaker of
Finest mountainclimbing attire i can get my hand on because i now believe that we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. You cant come from a given day like today, dow 107 points, hey, happy days are here again, right . This is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. However, i think its been increasingly apparent that we actually may not get a deal in time for the january deadline. Something Warren Buffett pointed out. Who am i to disagree. You dont need to change your philosophy just because we cliffed you. Long term it might not matter. Not all of you share his sanguine multiyear view of stocks. Not one of you shares a bank account close to the size of the man that created billions of dollars of wealth. He can afford to take the long view. If we take the