Been so altered that were still dealing with it every day in the Financial Markets and just dont know it. Thats how i feel today after the shocking decline in Interest Rates that seems out of sy, this c with the averages. A decline in Interest Rates that i think actually caused the averages, bonds into stocks to hit the skins. Dow falling 101 points, nasdaq declining. 72 . When Interest Rates have gone down in the past, stocks have almost always gone up. Kind of lock step. But the linkage has been broken for certain of late. Now people just fret that if rates are going down, well, we have to be teetering into recession. How else can you explain it . Thats the wrong conclusion people. Theres a lot more at play including a newly frugal american chopper. Part of my some what reserved outlook comes from stress tests, reflections on financial crises. The new book by tim who i will be interviewing in new york city right after the show as much as i lived through the crisis like many of you ca
Of massive overvaluation masks what can only be described as the wholesale destruction of the bubbles already right before our eyes. In fact, today was the first day in ages that the beaten down bubbles didnt get stomped on. Dow climbing 112 points and the nasdaq, the home of the deflated bubble, skyrocketing 1. 77 . After a prolonged period of underperformance when the bubbles were being popped. We got to wade into this bubble debate. Lets first talk about the prevailing. Hardly a day goes by where we dont hear criticism about the inflating bubbles of technology and biotech. Were told that companies are being valued at outrageous levels not unlike the year 2000. And it all has to end in tiers for every stock as it did back then. Theres only one tiny problem. The bubble has been popping for months maybe the critics havent noticed. Today was a reprieve from the relentless deflation and even though it will hasten another round of bubble talk the stocks went up the facts dont fit the bubb
At the abge of 94 would puzzle this. S p jumped today, and the nasdaq advanced 0. 3 . Where have all the flowers gone seems well suited because the sellers just went up and disappeared today. This despite a horrendously weak home Sales Numbers and they have been a big driver of the economy. I have marvelled at how the stock market has so little memory from day to day. Buy buy buy. Take google. At one point, it was down 41 bucks. I fel its not the end of the world. And that the heck was going on with google. It was a huge possession for the trust. We hit up everybody. Whats happening . Everyone who was in a position, you know what . No one knew a thing. The best we can get was hey, theres word out about how twitters numbers can be too high. Had nothing to with google. What happened to the sellers today, what were thinking . They werent thinking anything. The sellers were reacting. Perhaps to the fact that the chart broke down which is why we spend so much time on tuesday looking at the
Rating reached a new low of 42 . Its gotten so bad that even bo is trying to distance himself. Good morning. Theres another side to this. Good morning. Its monday, november 4th. Beautiful shot of new york city. Makes me sad how dark it is. Did you all change your locks . Its a little lighter outside. It did, of course, get dark at 2 15. With us on set we have msnbc contributor Mike Barnacle. How are you doing . You look good. You look very handsome. The former democratic congressman harold ford jr. Hes done a makeover. Also to our left, Mike Barnacle, we have patches. Hi, patch. This is day two of a 30 day journey were all going to be on together. Growing in the beard for the month of november. Why are you doing that . For womens health. Theres a group of people. Ive never gone more than a week. Theres a spot right there thats not going to grow. Imagine thanksgiving what it will like. Youll look like a High School Kid desperate to look order. I need your patience, america. Well get thr
Boy, their impact was felt last night. Yep. You have a race between two factions of the Republican Party, businessbacked candidate Bradley Byrne defeated Tea Party Darling dean young. One more, in new york city, there was never a doubt. Holy cow. Bill de blasio coasted to victory in a win for the Progressive Agenda he defeated joe lhota is progressive the word here . All right. The first democratpoints. The first democrat to be elected mayor. There is progressive, then there is this bill depalassio. All right. We will get there. Good morning, everyone, we are in washington. With us on set here in washington, we have White House Correspondent for the Huffington Post sam stein. Sam, that was all wrong what you tweeted. That was all right. That was so bad, i cant believe who would do it, some . It goes back. You study the ancient scriptures. Sol, leviticus, what happens in a circumcision stays in a circumcision. Pictures of a circumcision. Thats no fair. Its a modern digital age. Poor bab