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The grind t higheray was quiet but strong. Here are the closing numbers. Th Dow Jones Industrial average rose 227 points. To 27137. The nasdaq was up 85 and the s p 500 added 21. But there is a lot more tohe market than the numbers suggest. A close look under the hood showsig changes taking place and money is starting to flow intoectors that investors have been avoiding for a while. Bob pisani at the new york stock exchange. A lot of talk about a great rotation taking place. But what exactly are we rotating out of andinto . There is confusion about different ways to slis and dies the mechanic. Lets try to sort out some of the differences. First, cyclical verses defensive stock. Since bond yield bottomed last weeks. Checkically sense i have like banks, transportation stocks, energy, retail have all outperformed. These are call cyclicals because they tend to better when the G ....
And possibly easing sanctions on iran. Josh, kind of a quiet market day here interesting rotations going on what do you make of the action today . This week its just been incredible for anything of value versus growth, anything small over large and theres a tend densy when we see these outside moves. For example, russell up 5. 5 over the last week theres a tendency to look at that and say ive missed it or that has to be the top of something. When you actually go back and find examples of this sort of thing happening in the recent past, actually that always had taken place at notable bottoms in the russell 2000. For example, we had three versions of this in the year 2016 where you have just this incredible week for small cap, for value and it wasnt the end of something or a blip it lully was the end of the selling. You can stay with this trade if youre on and. Portfolio tilt for smallend value. After a really long drought of good news. So a lot of people are happy about that take a look ....
Who am i winning for . Am i winning for oracle shareholders, or is it simply a matter of personal vanity . Ill admit to it, mea culpa. An awful lot of it is personal vanity. I think we are curious about ourselves. Were curious about our own limits, then we try to discover or own limits. And a lot of what keeps me going and keeps my drive is, im curious as to how far i can go, how far oracle can go. Theyre inextricably linked. [ticking] t. Boone pickens is on a National Campaign to change American Energy policy. His plan is to replace foreign oil with natural gas and wind, which he says will be good for the country and good for him. Whats the balance for you between, im doing something for america, and, im doing something for boone . Oh, you know, no question. Im rich enough. I mean, lets dont talk about boone. But i dont want what do you mean, dont talk about boone . Boon ....
Who wants to win so badly, who am i winning for . Am i winning for oracle shareholders, or is it simply a matter of personal vanity . Ill admit to it, mea culpa. An awful lot of it is personal vanity. I think we are curious about ourselves. Were curious about our own limits, then we try to discover or own limits. And a lot of what keeps me going and keeps my drive is, im curious as to how far i can go, how far oracle can go. Theyre inextricably linked. [ticking] t. Boone pickens is on a National Campaign to change American Energy policy. His plan is to replace foreign oil with natural gas and wind, which he says will be good for the country and good for him. Whats the balance for you between, im doing something for america, and, im doing something for boone . Oh, you know, no question. Im rich enough. I mean, lets dont talk about boone. But i dont want what do you mean, d ....