The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
This is two hours. [inaudible conversations] the committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Beforere we turn to the substance and then members should during these proceedings in light of the cautions by wearing a face cover such as a mask so i urge unless youre speaking to please be wearing a mask. We are also conducting this hearing which affords Additional Space for those who are physically distant so before we get into housekeeping let me give my best wishes to the president and the first lady for a speedy recovery of covid19. We were all quiteor shocked and distressed this morning to learn of their illness and we hope for a speedyy recovery they are very much in our thoughts. The department of Homeland Security leading dhs office of intelligence and analysis referring to the office throughout the hearing left the committee no choice to issue a subpoena for the hearing today from counsel of the client and then the forme
Policy. The committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Before we turn to the substance of todays hearing let me address a House Keeping matter. First let me remind members should during these proceedings with the exception of when theyre speaking take precautions in light of covid19 including by wearing a face cover such as a mask. Were also limiting staff attendance at the hearing. I would encourage and urge unless youre speaking to please be wearing your mask. Were also conducting this hearing in the Capital Visitors Center auditorium, which affords Additional Space for those present to remain fizz any distant from one another. Before i get into the other House Keeping matter let me just express my best wishes to the president and first lady for a speedy recovery from covid19. I know were all quite shocked and distressed this morning to learn of their illness. And we hope for a very speedy recovery. Theyll be very much i
Nasdaq lost 1. 65 . The reality is it depends, there are thousands of stocks for earnings still matter and matter a lot. There are a handful of highprofile names where they dont seem to mean a thing i have a list of the most i impervious ones. These are seven companies where buyers dont care how the Underlying Companies are doing they just want to own the stock. In each case the thesis so powerful that it overwhelms any mundane. What matters is everyday seems like a buying opportunity where the stock is up or down. The first magnificent seven, netflix. I saw a story today how new york is opening up theaters today 50 per showing who wants that why not stayathome and watch netfl netflix. No one is going to go to the movies around the world which means netflix must be true regardless of what the company says on its report when it reports and reports tomorrow, i want you to wait until it reports if the stock goes down after it reports tomorrow, history says buy it anyway regardless of the
[inaudible] the committee will come to order. The committee will come to order. Without objection the chair is authorized to recess the hearing at any time. Before we turn to the substance of todays hearing, let me address a House Keeping matter. First, let me remind members should during these proceedings , with the exception of when theyre speaking, take precautions in light of covid19 including by wearing a face cover such as a mask. Were also limiting staff attendance at the hearing. I would encourage and urge unless youre speaking to please be wearing your mask. Were also conducting this hearing in the Capital Visitors Center auditorium, which affords Additional Space for those present to remain physically distant from one another. Before i get into the other housekeeping matter, let me just express my best wishes to the president and first lady for a speedy recovery from covid19. I know were all quite shocked and distressed this morning to learn of their illness. And we hope for