For 2013. Always nice to see you smiling on our show. Thanks a lot. My predictions are going to get your viewers smiling even more, because i dont think anyone really believes weve had a good year in 2012, but i think were going to do even better in 2013, and my predictions 1700 on the s p 500 and over 15,000 on the dow. Do you believe it . But you heard it here first. Anything is possible. Tell us what you are basing that upon. First of all, the Economic News is the best we have had in years angie. Employment is coming back, housing is doing well, corporations are doing well, and, you know, once we get through the fiscal cliff stuff, i think it is going to make people finally make the transactions, get hiring and investing, and make a good story already even better. Realize in 2012, many indexes went up about 15 . So dont you think we could rip off a 20 year . And even if we get close to that, we are going to hit new highs in the s p 500 and the dow. Something that is always noticeabl
Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s
Amazon and microsoft. The baton is passed this week to apple and linkedin. The markets open this morning with a lot of positive energy. The dow starts trading about 120 points from its all time high. A 13 year high for the nasdac and that there is a record high for the s p 500. For 2 weeks straight, gold closed higher. Energy stocks were up friday though they posted a loss for the week. Wholesale inventories and sales were up about a half a percent for august. The data are late due to the government shutdown. On the other hand Business Investment is slowing a sign of waning confidence . Commerce Department Data show Business Investment has stalled a possible signal that Business Leaders have less confidence in future economic growth. A lot of traders spent the weekend raising glasses of champagne toasting the good times. Lets talk to scott bauer, hes with trading advantage. Scott, do you think it will continue when the markets open up later this morning . I think were in this period ag
In todays cover story, its the beer run of all time see what happens when the greatest beer ever goes on sale for the first time. Plus, think before you click. How to keep your money safe from scams of the season. In traders unplugged, stocks, santa, and 7 unemployment are on the agenda for today. And, find out why its a great time to fly away. First business starts now. Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its friday, december 14th. Im angela miles. In todays first look waiting on washington president obama and speaker of the house john boehner met last night for yet another round of budget talks. Ahead of the meeting, stocks and commodities all sold off as wall street assumed talks on averting the fiscal cliff had broken down. Its official wellknown consumer watcher Elizabeth Warren will serve on the Senate Banking committee. And its up and up for adobe. Shares of adobe traded higher after hours by 4 after the Company Repo
The wrong time . In todays cover story, from the port to the picket lines. An east coast port strike threatens to rattle the economy. After years of cutting out credit card use, why shoppers are getting back into the swipe of things. Plus, could a tumble off the fiscal cliff hurt the markets . One trader says dont fall for the hype. First business starts now. Youre watching First Business financial news, analysis, and todays investment ideas. Good morning. Its friday, december 28th. Im angela miles. In todays first look watch your neck. The market is a headturner. Yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. But president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. Reports are swirling apple is moving production of its Mac Mini Computers to foxconn plants in the u. S. Apple may also be working on a smart watch. A