100,000 new fulltime, fullbenefit jobs in the next 18 months all over the country. While the averages were down with the dow sinking 63 points, s p 0. 21 , nasdaq backsliding 0. 29 . Its been ages since weve seen that down. Amazon stock screamed higher, closing up 14 points to 813. Thats just like how stocks used to react on news of hiring, on expansion, before the recent age of stagnation, derision, and gridlock. Let me explain. Ever since growth slowed, i mean really slowed and the u. S. Became episodic in its ability to expand the economy, we desired a particular set of traits, a set of rewards so to speak from our stocks before we bought them. First we would look and wed want a good dividend, one that gave us a nice return versus the competition, namely treasury bonds. Second, we wanted a large and meaningful Share Buyback to shrink the share cap, and thus artificially or not increase the earnings per share. We cared more about this than actual Revenue Growth because what Revenue G
Extended well past what can be justified. I cant dispute that. Days like today where we flirt with record highs, the dow gained 33 points, the s p black slid slightly. It seems ridiculous that we can still go higher with the s p 500 trading in way high where its been historically. Oh, and given how all we hear from washington is that the president s agenda of lower corporate taxes and repatriation of vast summing from overseas seems held up by dysfunction in congress, is there any real rigorous, intellectual justification for these prices . I know im mystified each day. Im sure you are. I know a selloff sis inevitable. But something keeps happening that makes us wonder if this market is cheaper than it seems. Companies keep beating earnings estimates, rendering multiples pretty much worthless. Im simply stating facts. If companies can continue delivering better earnings than we expect, this market might be cheaper than it looks. Maybe a lot cheaper. Yesterday, home depot and walmart re
On a day like this where the dow advanced 30 points, s p dipped 0. 17 . Nasdaq declined 0. 63 . Weve entered the most intense part of Earnings Seasons and the market keeps rerendering snap judgments on the fly. Reare tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has been ages lost in the wilderness after a long period of outperformance. The stock rallied four points before the opening. Then management told you that pashtd of the internice had soft sales, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane san diego possibise charts, the stock snapped right back to where it us, closing back up 6 bucks. Look at the arc of that roller coaster ride in a single session, the Company Guides up on earnings and sales. Then its rejected, and then its accepted again all within two hours. We have to ask what real
The fly. In this insanely difficult moment, we are tasked with trying to make some sense of it if there is indeed any sense to be made. How crazy is it out there . Just look at the stock of boeing, which has spent ages lost in the wilderness after a long period of outperformance. This morning, the Company Raised its earnings and revenue forecast, so the stock rallied four points before the opening. Then management told you that part of the enterprise had soft sales, namely mature widebody aircraft, and the stock plummeted 6 bucks from that premarket high. But then when boeing made it clear that demand for its narrow bodied plane is possibly off the charts, the stock snapped right back to where it was in premarket trading and then exceeded that, closing up more 6 bucks. So look at the arc of that roller coaster ride. In a single session, the Company Guides up on earnings and sales. The judgments accepted. Then its rejected, and then its accepted again all within two hours. We have to as
Fingernails. No, im not talking about Hillary Clinton versus donald trump, for heavens sake. Im talking about the Cleveland Indians versus the chicago cubs. Thats what matters tonight. I think that in many really bizarre ways, the world Series Finale feels a heck of a lot like todays market where the dow dipped 77 points, spiep declined 0. 65 . Nasdaq lost 0. 93 . Now, you know me, i care about the players for certain and the game is definitely vit russ. But when i think of cleveland versus chicago, im defaulting to a map of cramerica and the players that rule those two cities. In chicago, its walgreens, boots alliance, boeing, Archer Daniels midland, United Continental and all state. Cleveland, eaton, sherwinwilliams, parker hanifin, key corp. And cliffs natural resources. I have no idea who wins the big game tonight but i dont really care, not that i dont care about baseball. Mike schmidts my hero. Its that i like both the cups and the indians because theyre both underdogs like my te