Is more hope than entrance. What should people be thinking about . The way that the market is trading. I have a couple of thoughts that ill get to really quickly. I asked the producers to make this chart for me. I wanted to show you rsi on the industrial average because its at the highest its at the highest levels that weve seen really going back 20 years. Now if the for the dow at these levels. We saw it in 2003. Frequently that it will be at the beginning of a leg higher even though it does mean a shortterm pullback. I think people need to not lose their head when this thing goes off. I mention at the top this notion of this rotation thats going on. You know, hour by hour in some instances. Day by day. Out of sectors into others. Some stocks that are up, you know, a couple of hours later. They are down. Money starts to move elsewhere. Jim cramer said the following this morning. I want to go through it. He said im quoting. By the way, the rollover in tech is incredible. The rotations
Wrong with the chinese markets. The point is and it might just be the thing that takes out the rally. Well tell you how to protect your portfolio. Heres what shares of bank of america have done. If youre worried that the run is done, well show you how to protect yourself. The action begins right now. All right. And welcome. We do have a sledgehammer of a show tonight. Lets get right to it. Because chinas stock market is falling. The china etf, the fxi, falling to its lowest level ins early august. This as the countrys bond market basically crumbles. No other way to put it. Is china the biggest threat to this epic rally we have been on . Lets get in the money. Dan. It could be. If you look back to 2015, we sue a huge rampup from the 2013 lows, up 2 and then crashed. The lows this year down about 50 . And when you think back to that period of time, the summer of 2015, major palpitations in our markets and then again early this year, january and february, there was a lot of concerns about
Today by a chinese warship. Right in front of the eyes of the american crew. According to reports, the u. S. Radioed the chinese, told them this was american property and should not be taken, but they got no response from the chinese until they turned away with our drone thats when they road back saying they were returning to their own operations. So lots of questions about this right now. Why did they do it . Why now . President obama will be speak anything moment from now. Well get a read from the white house on it. I want to go to the former ambassador to the u. N. John bolton who joins me with reaction. Ambassador, welcome. What do you think china is trying to signal here with this move . I think its trying to show it can humiliate the United States atwill. I think its a fitting end to the Obama Administration. Couldnt come at a better time. Im sure they didnt know about the press conference thats about to start in a few minutes, but lets face it, this is the culmination of eight y
Basis, warn other countries against these kinds of attacks and we have done that in the past. Just as i told russia to stop it, and indicated there will be consequences when they do it, the chinese have in the past engaged in cyberattacks directed at our company to steal trade secrets and proprietary technology and i had to have the same conversation with president she and what we have seen is some evidence that they have reduced but not completely eliminated these activities partly because they can use cut outs. One of the problems with the internet and fiberissues is there is not always a return address and by the time you catch up to it, attributing what happened to a particular government can be difficult, not always proveable in court even though intelligence communities can make an assessment. What we have tried to do is start creating some International Norms to prevent a cyberarms race because we have offense of capabilities as well as defensive capabilities. My approach is not
Adam as wikileak founder flatly said that russia had nothing do do with it. Lot me be clear. Russia did not give you the poh podesta document or anything from the dnc. Correct. Can you confirm have you any information involving you have hacked info from the rnc. We received about 3 pages of information to do with the rnc, and trump. But it was already public. Adam Julian Assange on hannity last night, now joining me, eric beech, thank you for joining us. Thank you. Adam the congressman said, take whatever action necessary to protect the integrity our democracy. It does not sound like he is sincere. Not accepting the Trump Victory seems to be an attack on the process. He should take vote of president obama today, said it is not the eelectrickers job elect ors job it is the will of the American People there has been a recount effort by jill stein in wisconsin, and michigan. If you want to look at tamperring, look at third debate, one of the candidates of given the questions in advance fr