Today. This time dow industrial rising. Nasdaq at 28. 1 . These were all miraculous record closed by the way. Where did that momentum come from momentum is a tricky thing i can tell the market is on fire because employment is red hot. We know adp, at least incredibly strong numbers the Labor Department will give us a positive non farm payroll report tomorrow. I can tell you people are buying stocks, good feelings, breaking up with u. S. And china thanks to phase one trade deal chinese seems to be placing large orders with american business, dont you think . There is just one problem. I am not buying that these i am not just pushing these medical forces i think theyre not the force of todays market momentum. Why . Well, because momentum is what happens when a stock keeps worrying for emotional reasons and not financial reasons. A stock that goes higher because buyers went in at any price, that my friend is momentum now especially i like it when stocks rally i am not a fan of momentum bu
Its great to have you here ralph, on cspan. Guest thank you. Host im very hardded to be able to interview on this new book return to sender. Is that an homage to elvis presley. Host thats the point these days. Guest its a message that 103 lettered sent to president bush and president obama from 2001 to 2015, were with very few exceptions not acknowledged and not answered. And so i thought id embarrass myself by putting them all in a book and raise a bigger issue which is the most Democratic Media is when a person writes a letter to an elected official, like a mayor governor, senator president , cant be censor order not distorted and not to respect it and to try to answer it or even to acknowledge it so that people know its not going to some dark hole, is major issue, i think and most young people dont realmize that a written letter to pool particular has far more impact than an email. They get lots of letters. I income a half million a week. Guest yes. Host certainly you dont expect th
Nader talks about letters he is sent to george w. Bush and barack obama regarding our domestic and foreign policy. Its great to have you here ralph on cspan thank you. Im honored to interview you on this new book. Yeah the Reference Point those days. Its a message that 103 letters i sent to president bush and president obama in 2001 and 2015 that were not acknowledged or not answered. So i thought i would embarrass myself by putting them all in a book to raise a bigger issue which is the most Democratic Media is when a person writes a letter to anil elected official cant be censored, cant be distorted, and not to respect it or even acknowledge it so people dont know its going to some dark hole. Its a major issue i think. Most young people dont realize that a young a written letter to an official has more impact. They get like a half 1 million letters a week, you dont expect them to answer every letter. Yes teams of volunteers go to the white house every morning and they separate all th
And suddenly its on everyones radar and its a very complicated issue to explain to people. But it is remarkable. Have you been involved in that we met. I started it. That includes Global Corporate actions and consumer labor, all of this going to secret tribunals which are not part of our court system. And they block the most awesome power combination that you can have. That includes the Corporate Law firms and the people in congress and the president of the United States jobs, industries, center corporate regimes, stripmining america. That includes on capitol hill. They dont have that vanguard. The two of them working together. The whole point of return to sender was not to showing people that there are interesting things and they dont care what knowledgeable letter. Its to try to get young people you are much more committed on the issue that you are writing the letter on. And you produce a vacuum and that is exactly what the 1 has talked about. They needed a stop sign because they wan
After being down 112. Thats when oil was really rolling over. Nice recovery there. I have to ask you, how it is that this market, it is still so hot since the price of oil, remember oil rallies a tiny bit off the lows, averages are able we may as well just be one giant stock market devoted to devining oils direction. The pump everyday i go to work. Ive been adamant about the good things that will ultimately industry when Energy Prices stay low. However, lately as oil keeps plunging, theres a dark underbelly that we havent addressed enough on the show. Namely that the longer crude keeps collapsing, the more stress there is in the system. The worst of fundamentals get for the financials that lent the Oil Companies money, thats what were discovering now. Thats why were glued to every its the financials now. When oils sold off, we saw small thats no longer the case. Companies that used to be much bigger than they are now, Companies Like chesapeake, chk, which is right in the blast zone of