Of course nasdaq plunging 1. 76 . You have to be mindful we have to be on the lookout for whats called a whoosh or a crescendo of selling that causes a bottom. Usually intraday dont worry, im just putting you on notice. May not happen tomorrow, may not happen next week but it will happen if stocks keep going down like this and the bond market one day stabilizes and we are no longer fighting the darn fed, which we still are. One day that will occur. Not yet. But thats why you need to be ready with your Shopping List of damaged stocks, not damaged companies. Because theyre whats worth buyi buying on the way down you tend to forget about them while this carnage occurs i like to have objective my favorite is when they have down to up volume of 91. It means finally the bulls capitulate and theyve surrendered and therefore theres nobody left to sell which means youve got to do some buying. Now, todays a typically ugly day, not the kind where you get that whoosh bottom i like to look at count
Anna a warm welcome to bloomberg daybreak europe. I am anna edwards. Manus i am manus cranny. Breaking news. Anna the german pharmaceutical business merged if an update. A couple of headlines coming in at 1. 20 per share. Euros, ebit 400 and 5 million. 405 million. Net income figure for the First Quarter of 269 million euros. These are the numbers coming through as we speak. The broader story, the expectation from Morgan Stanley is that these would be a Strong Revenue but there were several moving parts in 2017 that will likely drive a cautious guidance. 1. 3 1. 43 europes, yesterday was 1. 42. Manus some of the big drivers, the probability of a rate hike unitedted fans states stands at 100 . Inflation, reflation, the great reflation trade. This is what china produced. The ppi nevers. Busting through 7. 8 on the chinese prices. That is the most since 2008. It is more a question that cpi has underperformed. How strong is that . Does that remain intact . Anna export prices run the world,
When this market stampedes those who make negative bets it can be spectacularly positive for individual stocks and the averages as a whole, like we saw today. Dow gained 69 points. S p climbed 2. 9 and nasdaq advancing 2 to a rec high we dont spend that much time talking about short sellers on the show. If you want to understand why the nasdaq hit those unwanted levels, its the shorts that made it happen. Theyve been a huge accelerant to the nasdaq rally. Theyre great at getting out Fraudulent Companies and overvalued stocks and sometimes going against the grain of the entire stock market when they think the consensus is wrong. Every now and then theyll attack stocks en masse, aang tackle so to speak. If the stocks fail to go down or manage to rally, the shorts can create a stampede when they throw in the towel and begin to unwind their positions by buying back the stocks they sold to close out the trade. That panic buying explains far more of this move than you might expect, particula
We should be voting no on the amendment offered by the majority leader. With that i yield the floor. The presiding officer the senator from tennessee. Mr. Corker i think i understand the frustration expressed by the Ranking Member. I think what has happened, the Ranking Member knows that i worked with him to ensure that when we had this debate we stayed away from those issues that that divided us. He knows that i took multiple tough votes, as did others, to keep things in balance. And there are members of this body that feel like this amendment that youre talking about is one that they would have liked to have expressed themselves on, and since were in a place where it appears that 42 senators are going to keep us from actually being able to go forward with the vote on whether we agree or disagree with this, you and i are in the same place on this, but since that has occurred out of frustration and knowing that there are other members who wanted to express themselves in the way this ne
For independence. And, among other things, i mean, tomorrow is a perfect storm for the market and for market geeks like you and me. You have the scottish results. Right. You have the alibaba ipo. And . You have index rebalancing. Quadruple. A quadruple witching expiration tomorrow. All on the same day. The excitement. It just builds here. I am going to be lurking in the morning while all of this happens. Wont we all . Keep a sharp eye out. We will get reaction to the market and the fed from David Winters, winter green advise others, he is coming up, also continues to be at odds with cocacola and Warren Buffetts berkshire hat away, he joins us exclusively in a little bit. As we said, zero hour for alibaba. The energy really is palpable here on the New York Stock Exchange floor today, more so than normal, eagerly awaitedism po due any time, the pricing will be due any time after the bell tonight. You will hear that news here first and we will prepare you for what should be an eventful fi