Its definite. But, and this is a big but, you know what . I think its time that we just shade things i think we should take a little off the table. Why do i say that . Its not just because when i walk around downtown manhattan, im hearing more hey, make me some money cramer catcalls than i am booyah or i love the show sho sho shout outs its all the issues that have dogged the market suddenly seem to have gone away. So im feel like we got to kind of pan gloss moment here pangloss frankly, it means that were in a position let me just say the pangloss sellers, thats not what im talking about, the great vineyard in sonoma i like that. Were not talking about delicious cabernet here. Were talking about voltaires pangloss all is for the best isnt the best of all possible worlds pangloss whenever we start getting that vibe, it makes me want to sell something, because the best of all possible worlds nevertheless first of all, lets talk about whats going on right now, right now because there are
Got slammed today with the dow plunging 92 points and the s p sinking 7. 28 and lets go through the biggest episodes of the day to explain this twosided theory and the side that we weighed on the market and the side that we ought to consider. First, theres oil. Right now were at the bottom several times before. Exxon, chevron and royal dutch were negative about the oil markets when they reported last week. Of course i find this somewhat ironic considering that they were positive all of the way down. In fact id say these big integrated oils were depending on a vshaped recovery and a ushaped recovery and now no recovery at all. Normally i would say lets go the other way and be contrarian because if they were way apart, why should i trust them now . Given that they spoke last week theyre taking it pretty seriously and not only that but iran came out and said the moment the sanks are lifted theyll immediately increase output by 500,000 barrels and add another million per day in a month and
The small one. Im talking about the doomsayers and insentence that were going to get crushed if we own stocks here even with another sedate session. Dow advanced a little bit, nasdaq declined. 48 i hear this every day. Read article in the paper this morning, smart young fellows doing the short thing. Market is up too big, too expensive. Got to go down really reveltory stuff if north korea fires icbm, that cassandra is dead right. No argument there. Existencial crisis issue there was talk that Nuclear Power fallout couldnt be contained and parts of china wiped out. Trading during chernobyl, and people exiting stocks because of the kiev cloud they thought heading their way. Not drinking milk until late next year. Thermonuclear war would send the stock market down. Any bull left standing looks like idiot but living through that im inclined to stay the course why . Why can i come out on day like today and shrug off the losses in the buddies including apple first the checks are in the mail
Whopperrito is worth your hard earned three bucks. Th tyler, power lunch starts right now. It does indeed. Thank you, brian. Welcome everybody to power lunch. Im tyler mathisen. Heres what else is happening at this hour. Hillary clinton widening her lead over donald trump in some key battleground states. Clinton now up double digits in colorado and virginia, according to a new nbc news the wall street journal marist poll. Parts of louisiana and mississippi under a state of emergency at this hour as torrential downpours trigger flash floods. And team usa continues to dominate at the rio games with 38 total medals, 16 are gold. And a lot of those by the most amazing athlete ive ever seen, michael phelps. Kayla. It has been fun to watch michael phelps. Im Kayla Tausche down at the new york stock exchange. We have three hours left in the trading week. Stocks have been headed lower throughout the morning. Dow down just about a third of 1 . The nasdaq down by about 0. 1 . S p lower as well.
Brixmor Property Group (NYSE:BRX – Free Report) had its target price cut by Wells Fargo & Company from $25.00 to $24.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock. A number of other equities analysts have also weighed […]