How worried should you be . Nine Business Days ago, the legendary Warren Buffett talked on cnbc about the greatest of america and the power of longterm investing. He explained stocks were still the best assets. He pointed out that even if you bought and held during the financial crisis in 2008, the worst possible time, youre up big now. But since buffett made that call two weeks ago, the s p 500 is down roughly 10 , thanks in part to another brutal session where the dow plunged 970 points the s p plummeted 3. 93 and the nasdaq nosedived 0. 10 . Buffett always says you should be fearful when others are greedy and be greedy when others are fearful. He publish an oped buy american, i am as the oracle explained, and i quote, i havent the famous idea as to whether stocks will be higher or lower a month or a year from now. What is likely is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up so if you wait for the robins, spring wi
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Catch you, were going to let you go. Its ridiculous. Reporter the San Jose Police officer association are talking about new guidelines regarding arrests. They are being told to give out citations for lowlevel, nonviolent crimes rather than making an arrest. I guess you have to ask the community if its okay that we dont arrest people who drive under the influence or under the influence of narcotics or who assaulted someone on the street. We just want to continue to let them go. Reporter Officials Say thats not what they are doing. Gary herzig says a dui or weapons offense do not qualify under the guidelines. It could be petty theft or possession of stolen property, it could be possession of drugs, it could be drunk in public. Reporter the county new guidelines advises police to cite people who commit misdemeanors with bail amounts below 15,000. Under the old guidelines, the bail amount was under 5,000. It didnt make sense to keep lowlevel criminal defendants in jail when they were relea
Breezy side. Gusts near 40 miles an hour. Peak gusts up around the region. Oakland at 39 Miles Per Hour. Palo alto, santa rosa, winds are still active at this hour. 29 in napa and 22 is the current gust in hayward. The wind advisory is in effect until tomorrow morning, 10 00 in the morning on tuesday. Once the winds move out, though, another threat moves in tuesday night. We detail that in a few minutes. San jose police chief and union are not happy about new county guidelines. Officers are being encouraged to hand out more citations rather than make arrests when it comes to certain crimes. Janine is joining us live. Janine . Reporter this policy is sending confusion and the wrong message to the community. Were basically saying, go ahead and come in santa clara county, commit a crime, dont show up to court and when i catch you, were going to let you go. Its ridiculous. Reporter the San Jose Police officer association are talking about new guidelines regarding arrests. They are being to
Lower. The front has aways to go. Themes extremely cold air. We havent seen Something Like that in a long time. That he is a day away though. Look for cloud cover and a little rain starting to form off the san mateo coast. Mainly 50s, there are a few 40s around the bay, 50s for everybody here. 52 in San Francisco and tim ron at 50 ti meron at 50, rain develops by this afternoon. 501, and sal tells us how we have things going on right now. Southbound 101 well start in marin county. Theres a crashing, an overturned vehicle, north of the rodeo exit, lanes 3 and 4 are closed. They issued a signal alert for the area southbound 101 delays are beginning to grow getting to the Golden Gate Bridge headed south. I would give myself extra time heading south to the Golden Gate Bridge. Were not sure how long this will last. It wont be clear any time soon. Lets look at westbound 580, the Altamont Pass tracy commute. You can see its slow on 205 and 580, it looks open kay into hayward. Were looking at