Under valued it sounds crazy. We had a remarkable blitz up we just came after that brutal sell off all the buyers vanished. Now suddenly were back dow surging 328 points and s p jumping and nasdaq pulled 1. 87 . Why . Why did it happen . Why was so great today because today is merger monday monday used to be the day we always came in and merged and stopped. Guess what its back and bigger than ever so i bought out the merger both. Merger. Merger merger. Yes i havent used the merger both, i dont know, four or five years and its back. All right, all right, all right. Back and bigger than ever. We spent a lot of time trying to figure out what stocks are worth, right the price to earnings. Price to sales and book value. All that stuff we try to do. There is another way to value this business. You look at what another business might be willing to pay for that business and today we got a wave of huge mind numbing deals that suggest there are many real bargains in mna. Merger. Merger merger. L
Unraveling the dow gained 131 and s p inched up but tech, yes, the tech heavy nasdaq declined. 60 . I say get used to this this kind of volatility is now here to stay i think september is the month this whole new investors who believe that stocks only go up, i think they get a rude awakening. Sure, long term stocks do go higher they have. They tend to do so but not long run, were also dead short term, when they go down, they go down hard. Which is why you need some cash on the sidelines cash king to treat these pull backs as buying opportunities and not be afraid. With that in mind, whats the game plan for next week . Housing is among the strongest groups thanks to low mortgage rates. Thats how lenar could rally 40 . I dont want to hear this gain is fake because the Federal Reserve is propping up the economy. When you take that money to the bank, they dont care. In our reports on money and after the close and unfortunately, i think the easy money here is made even though i think its a
S p 1. 5 and the best quarter since 1998 and nasdaq gained 1. 87 and looked fast tas tic fc my own point of view were the stocks with a lot of ingenuity and a lot of great luck. Many were stocks that bounced back from the march meltdown thanks to the 2. 2 millitrillion stimulus package these compapanies got lucky. The government intervened and worth a lot more money but it didnt take any ingenuity for carnival to rebound from the lows they were saved by the fed no, i want to talk about companies that have shown they can survive and thrive during this pandemic so no signs of abating in the u. S if anything, its getting worse. The pandemic is gets work because millions of people refuse to take the virus seriously. They wouldnt wear the mask. They even subjected to some of the guys on capitol hill today they wouldnted a ve ed ed edal distancing guidelines so there are breakouts in the south and west first, sometimes you got to go with the obvious zoom video there were many other outfits t
Im charles payne. This is making money. Maybe things are too good to be true. The maybe the question, have some stocks come too far too fast . At this point does it matter . I will call this a devilmaycare rally. A lot of pros on deck. Victoria fernandez, done luskin, Gary Kaltbaum who told you to buy nvidia six months no now. Should we stop our kids from learning and could it take disney stock over the moon . Call it a comeback, japans stock market hitting a 34year high. Well look at abinomics. Well look at the oracle of omaha, Warren Buffett. All that and more on making money. Charles welcome to the devilmaycare rally. Aage why tiff. Not worried about your. We have Warren Buffett, abby, around stock market that cant stop, maybe it will never stop. Also a market been focused, laser like focused on the s p 500, large cap names which in turn have been focused on growth overvalue. We drilled down a little bit more. It is that growth weve seen outperform really technology, communication s
580 and strong moppets ago and alameda as well. 880, 580 and that will be left out there and havent seen measurable rain fall in a while and were finally getting much needed moisture through mill valley and tiburon picking up in areas of orange and coming down about three quarters of an inch per hour. Interstate 80 slick and snowy up there as well especially across the west slope of the sierra and lows 23,000 feet. Winds are piing up and sustained winds in pleasantton and southbound west direction and breezy and northern east bay hills and gusty conditions associated with the storm temperature wise in the 40s and 50s right now and afternoon highs not going to be that little warmer today and not much warming but later on this afternoon, jaquline. Were track ago couple of hot spots and well begin along 101 and this is near highway 116 and traffic looks okay. Its starting to build just a bit but heading in that northbound direction and folks will encounter delays and were trackingen ax th