The markets posting their biggest selloff since november 7th. The major indices all down more than a percent this week. Its a big day for ipos led by hilton and aeromark. We have the ceos after trading begins. Facebook, shares up on news the ipo will join the s p 500. Lululemon lower on weaker guidance. The day after the dow closed down, the worst day since september. Retail sales showed an uptick in november. Next week all eyes will be on the fed meeting as investors watch for the potential taper from the federal reserve. Maybe decks are cleared for a taper or at least a serious discussion for one, why not take your gains for the year. Is thats whats happening . We had the largest order in balance weve had ever. If you take a look to sell, if you look at when the market broke down, its look, i can shoe horn anything. I can say thats because of taper, i can say thats because of the budget deal. How about this because of the possibility that there are lots of funds that are locking in.
Twitter isnt the only stock to do that this year. Coming up, well name names and tell you what this could all mean for another huge ipo. Stay tuned for that. We were taking bets on where it will price. See how all that shakes out. It turns out that it is not true that the socalled wealthy pay the most income tax in america. Jane wells has learned that they pay all the income tax. 106 of income taxes. You heard that right. They pay more than 100 . How is that possible . Stay tuned for this stunning report. And lets check the markets right now. The final hour of the day, pretty much a down day across the board for the major averages. The dow jones is actually an outperformer helped by mastercard. Helped by home depot as well in there but down about 87 points at the moment. The nasdaq is still off. Clutching that 4,000 level. The s p 500 has shed 15 points and got below 1790 as we speak. Maryann bartels from merrill lynch, Adam Thurgood and done shriver from wbmi funds. What do we make of
Im jim cramer. And welcome to my world. You need to get in the game. Go out of business and hes nuts theyre nuts they know nothing i always like to say theres a bull market somewhere. Mad money, you cant afford to miss it. Other people want to make friends, hey, im just trying to help you save a little money. My job is not just to entertain, but im trying to coach and teach you. So call me at 1800743cnbc. Just when you think the stock market cant keep rallying, when you think that stocks have gone up too far, too fast, the buyers, they come in with a vengeance today hallelujah. Dow climbed 82 points, closed the at a five year high. Why did the stocks rally . Why . Sometimes it is pretty call cuable, simple, because the simplest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not rule now that chinas spendin
Dow climbed 82 points, s p closed the at a five year high. Why did the stocks rally . Why . Sometimes it is pretty calculable, simple, because the biggest driver on earth, china, reported a blowout export number showing the countrys plans to reignite growth are, indeed, working and we believe in that. When that happens, buyers swarm in, they buy commodities, thinking how could they not roar now that chinas spending. They buy the industrials because china relies on a lot of our companies to power their electricity and buy our Consumer Companies that have plunged deep into the retail fabric of the peoples republic. Thats why investing in china is one of my huge themes for 2013. Oh, its not just china, the dollar got clobbered versus the euro, something that our International Companies just love to see. It puts them here. House of pleasure. Why else . How about the fact that ford, one of the best bellwethers of Economic Growth out there doubled its dividend last night. Something i said wa
Considering a Corporate Tax cut to help that line. And uk housing data and german sentiment. As for the road map, it starts with the jcpenney ceo bill ackman resigns. And yums sales in china is an important market falling more than expected in july. And pc problems with microsoft downgraded by stifl nicolas, and is the stocks bull run coming on an end, and forget the planes and trains and automobiles, because e lon musk is out with the hyperloop. Put it out on the interneshgts a internet, and it is cool. It is cool. And wouldnt you love to be ahead of the chinese on something. Yes, lets go out there and reach for something. And musk is not settling on the chinese got ahead of us, and he is leapfrog, and we should call him leapfrog musk. Or pylon man. And we want the start off with the news that we want the cover since it was announced Hedge Fund Manager bill ackman has been pushing for changes at the top of jcpenney has resigned from the store. He runs pershing, and formally named the