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Walmart saying its seeing a slight pullback for certain Food Products because of those weight loss drugs. And disneys dismal run. The stock is back below 80 bucks a share, its lowest level since october 2014. Lets begin with a drop in oil prices. Wti on pace for the worst week since march, jim. We got down to 82. 35 this morning. Yesterday, biggest drop since may. The department of energy numbers were weak. Gasoline numbers were weak, the lowest, what, since 1996. When you speak to the chieftains of the Oil Companies, they just want to stand there and buy the shares because they dont think this is the right market. They think the higher price is the right market. I look at whats happened with oil, and i say, if you have retail weakness, if you have fewer people from student loans, fewer people going places, obviously, theres going to be a backup in gasoline, but i think this pr ....
Plus bitcoin week continues here on fast money. That means two things. First, well hear from the app at the center of the bitcoin boom the president of coin base will be here. Well ask him which currency will be added to the platform. Second, its ack thats right the bitcoin bug is here. You see it there at the corner of your screen well be tracking the price via the coin based app throughout the hour first, trouble in tax cut paradise some of the most tax sensitive groups, small caps, banks, retail stocks, all sinking as it looks like the bill may not be a done deal. Ylan mui in d. C. Has all the details. Reporter melissa, senator marco rubio is threatening to vote no on the tax bill unless the Child Tax Credit is expanded hes particularly mad because the proposed corporate rate went from 20 to 21 but that extra revenue went toward lowering the top rate for individuals rather than a measure he said will help middle class familie ....
1st. Is that what the date was . The fear gauge hitting the lowest level in more than two decades. The volatility index closing yesterday at 9. 77, the lowest level since december of 1993. I cant imagine thats not a place where you would buy. Though normal stocks that hit new lows what do they do . Hit more new lows. Stocks that hit new highs, hit more new highs. It can only go 9 more lower. Yeah. This only happened five times ever. Having always thought in a contrarian way that complacency and when people get participants get bullish, you worry. Call ratios, you worry. Percentage of investment services. If its that complacent i admit, okay, its not going to be le pen, but the world at this point, theres nothing that were not thinking about that could happen that could throw us for a little bit . It scares me. The flip side is if premiums are so low, you can buy insurance and remain long or replace your stock with calls. There are different ways to use this to your advantage to remain ....
Lets give you a look at futures on this opening of the day of the week. Most european markets also back from the holiday break, although i believe the uk closed for a bank holiday. There you see the markets that were open. More or less in the green this morning. The tenyear note yield, price was down a bit if i recall. There we are on the yield there, around 2. 56 with crude up yet again. Weve also got some breaking economic data. The latest s p case showing home price reports out. Prices registering 5. 6 yearoveryear gain and that was up from a 5. 4 gain in september. So sequentially an increase there. Lets get to our road map. And it begins with the march to dow 20,000. With just four trading sessions left, will the dow hit the milestone by the end of the year . And president elect donald trump announcing plans to dissolve the Trump Foundation ahead of inauguration day, plus tweeting about the market rally and holiday spending ....