Working, and in the old days when the late great mark cane ruled the mornings around here, i remember each time i cohosted he would introduce me as reverend Jim Bob Cramer of the church of what is happening now. It was fun back then seemed like everyone was running their own personal hedge fund. There was understanding there could be a stock here today and gone tomorrow. Those days are over. If you recommend a stock for trade, if you say buy it today for the Analyst Meeting and sell it tomorrow, there will always be a Youtube Video kicking around that shows you like the stock but never gave it the sell call weve gone well beyond that. Tonight were taking it to the next level where im introducing you to the concept of suitability. Basically what stocks fit you. What investments are right for you. Not for this week, not for this month but your age and temperament. I heard of the concept of suitability when i was in training at Goldman Sachs for the group that helped small institutions an
Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen
Investor that it would be hard to keep track of everything you do and a lot of this stuff is much more important than the day to day action. Without the right discipline, the right frame working the right dare i say philosophy, youre going to get yourself into trouble but i also know big picture Financial Advice is hard to process a lot of it seems down right contradictory to most people we tell you to have conviction, to stick with the companies you believe in and say you need to be ready to change your mind on the dime you need to be cautious because its so dangerous out there but you also need to be ready to pounce on opportunities when they spent themselves. You need to be skeptical but you also need to know when to suspend your belief, disbelief you need to avoid chasing stocks that have run too much, but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules, it doesnt matter where a stock has come from, its where its head
Early today at a uhaul rental center on santos avenue in santa rosa. We are there. Authorities are searching for the suspects . That is right. One or more of those suspects might have suffered burns. It was quite an explosion, heard around the neighborhood about 1 30 this morning. The evidence showed us that they were siphoning gas. Looks like they lit a cigarette and blow this place up. Nobody will be driving these uhaul beagles anytime soon. The front grills are melted away in an Early Morning fire. People for two. Six fans got blown up and mostly totaled out her. Took a pickup truck the runt of the blast. A few other vehicles caught fire and have already been towed from the yard. Surveillance cameras keep a watch on the fleet. It are the vapors are dangerous. Dropped the fire found plenty of evidence abandoned by the thieves. 55 gallon drums being siphoned into, plus tubes and a funnel and a smaller jug already filled. s fuel theft is a just operation. Joke is likely they suffered b