Decide what kind we are dealing with i wish we could say we always know how to respond but the early days of the decline, well, theyre never easy to navigate first, lets borrow a line from the fabulous Anna Karenina all happy rallies are alike. Each sell off is unhappy in its own way. Its so true bull market sent stocks higher and everyone thinks theyre a genius for participating in them big declines much harder they would be the start of a bear market or a glinch. Thats why i want to use history to try to identify some of the common qualities so you can figure out how to handle the inevitable moments of weakness without panicking. First let me offer some historically constructive words of relief, sanity and real, not phony, but real assurance. Theres only been two truly horrendous sell offs since i started investing in 1979. The one day crash of 1987 and the rolling crash of 20072009 i could have down the nasdaq crash but the s p held up well lets deal with these two big ones head on
Miss the mark. Joining us for the hour, stephanie link from nuvine what do you think is driving the action right now, if the calendar is so devoid of data points so much for a slow day today, right . You had boeing you had over the weekend, china, small stimulus, which i dont think got a lot of press, it should have. And the data was okay. Durable goods can be explained away from boeing for the most part new home sales, up 17 year over year i think thats good. Chicago fed at a twoyear high i think theres enough momentum between now and the end of the year to kind of continue to see green days maybe we tail off a little bit at the end of the year, but i think well continue to see green days into the end of the year were on a nice streak so far. Lets dive into the biggest story of the year, that is boeing our phil lebeau has the latest on that. Hi again, phil hey, carl Dennis Muilenburg was fired after the board met over the weekend. The decision was made sunday night. And this was not h
Classes, history classes, Foreign Language classes you can graduate with a deep understanding of quantum phys s physics. You can get a ph. D. In modern literature they teach that in school if you get enough education but you know the one thing they almost never teach in middle school or high school, to say nothing of college, Financial Literacy and im not talking about economics here you could be an econ major and still learn nothing about personal financial planning, retirement readiness, let alone how to invest your money wisely. Money is just not talked about its almost like a third rail of American Education youre a thousand times more likely to read doss capital. Marx is actually a pretty good economist, hes not going to show you how to balance a checkbook, let alone manage a portfolio of stocks. Financial literacy, the third rail thats why aisim on a Constant Mission to teach you how to manage your money so you can be a better investor. Think of this show as a continuing educatio
Thats the question facing millennials. One expert says renting is the way to go. Power hundred lunch starts righw the dow up 300 take a look at the sectors hitsihits i hits new highs today all jumping on the day for more on the trump trade tweets that launched the market gains today, lets bring in cay lee from washington. Reporter tyler, President Trump is in a deal making mood first a tweet this morning that said getting very close to a big deal with china. They want it and so do we. Then making these remarks earlier this morning at an event here at the white house. You look at europe, asia and a lot of different places. We wont talk about china because were working a deal with china i wouldnt say up until now theyve loved me reporter theres a meet ing in the oval office at 2 30 p. M the trade principals will be discussing next steps after making this olive branch last year the u. S. Offered to china to cancel the upcoming tariffs on december 15th and to cut earlier tariff rates in ha
Make a wish, hanukkah. Thats right, President Trump hosted a hanukkah reception at the white house. Its his favorite holiday because no matter how hard he tries, he cant misspell it. [ laughter ] in a new interview, House Speaker nancy pelosi said that she never watched President Trump on the apprentice, and then trump said he never watched her on golden girls. [ light laughter ] you were blanche, right . According to reports, Rudy Giuliani has reached a divorce settlement with his third wife they opted for divorce after she realized he was difficult to live with, and he realized she didnt have any dirt on joe biden. [ laughter ] according to reports, during a hunting trip to mongolia earlier this year, donald trump jr. Killed an endangered sheep even worse, he bored it to death by reading from his book [ laughter ] Time Magazine has announced that teenage climate activist Greta Thunberg is its 2019 person of the year when asked what she thought about time, thunberg said, we probably h