The dow closing down 13 points 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 to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american 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 tick up or down in the price of its the financials now. When oils sold off, we saw Sm
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 tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Thats no longer the case. Now were worried about companies that used to be much bigger than they are now, Companies Like chesapeake, chk, which is right in the blast zone of the recent selloff. For those of you not familiar with chesapeake, they were among the largest natural Gas Producers in the world. It borrowed big and bought key assets making acquisitions with loads of debt that among other reasons contributed to the job. Now he had the foresight to recognize that natural gas wasnt going to grow much. Sow moved aggressively into
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 to bounce so definitively that we may as well just be one giant stock market devoted to devining oils direction. I feel like im throwing up at the pump everyday i go to work. Ive been adamant about the good things that will ultimately happen to america and american 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 tick up or down in the price of oil. Its the financials now. When oils sold off, we saw Small Companies go belly up. Companies that used to be much bigger than they are now, Comp
Buffet made big moves in the stock market a couple of months agatha we just found out about last night. Buffets move seemed to overshadow the whole session. S p back. 3 . Nasdaq advanced. I have long been a believer in doing your own homework and finding your own Comfort Level with individual stocks. If you cant do that if you cant do the research and make up your own mind its imperative that you do not follow someone, anyone blindly whether it be me or a money manager you saw on television, a ceo that talks a good game or even yes, warren buffet. If you cant do the homework and you still want exposure to the stock market just go buy a index fund. I love index funds. They allow you to eliminate single stock risk meaning the one stock you can buy can be caught up in a scandal or miss the quarter repeatedly or simply not participate in the general upswing that youre looking for. There are plenty of indices out there to like. Its a total stock market return. Meaning all u. S. Stocks. I ca
Later a vote to confirm the assistant u. S. Attorney general. Live coverage of the senate when they return shortly here on cspan2. Earlier today Television Host dr. Oz testified before a Senate Commerce subcommittee on fraudulent weight loss ads. Missouri senator Claire Mccaskill challenged the doctor, and she criticized him for what she called flowery language in promoting health care products. Here is a look. Now, heres three statements you made on your show. You may think magic is make believe, but in this little bean has scientists saying they found the magic weight loss cure for every body type. Its green coffee extract. Quote ive got the number one miracle in a bottle to burn your fat. Its raspberry ketone. Quote can [inaudible] it may be the simple solution youve been looking for to was your body to bust your body fat for good. I dont get why you need to say this stuff, because you know its not true. So why when you have this amazing megaphone and this amazing ability to communi