For it. I think it will be clear, but well keep an eye on it. A nice day. Just not very warm. One of those days where if you are in the sun, its not too bad. In the shade, its so cold. Thirtys, host. North at 7 00. That holds them up to 46. Palo alto. San mateo at 39. Clouds in the sierra but everything is all right until this system starts to drop southward. Cold morning. Sunny. Its cool. Theres a northerly breeze. Lots of sunshine. Below normal temperatures. We should have a few low 60s. I dont think well see that. 5 01. How are you, my friend . Doing well, steve. We dont have a lot going on. We do have traffic that is beginning to get a little bit busier around the bay area. Lets lock at what we have. If you are driving the bay bridge toll plaza into San Francisco, we are looking at the commute all the way into the city and really moving along very nicely as you drive through. This is San Francisco, northbound 101. That traffic is moving along very nicely approaching the 80 split. I
It creates such a rush to judgment with so little time to breathe that people end up losing fortunes, trading off these slipshod bulletins that purport to say what really happened in the quarter, like you could really figure it out in 140 characters. Hasbro reported today. The vast majority of these Companies Said it was a good buy. It keeps churning out hit after hit, and it capitalizes off of hit movies. Despite those headlines hasbro opened pretty much unchanged. Shouldnt it have opened big . No, it turns out, because when the Company Conducted its Conference Call, we learned things are not going all that we will at hasbro. At cfo deb thomas told you after flowery discussion, and a quote, growth in preschool categories were more than offset by a decline in game and girls categories, end quote. Whats that mean . You keep listen and old franchises like monopoly and other timehonored hits were more than offset by declines in a number of brands like my little pony. Ouch a number of bran
Year have to hear this ridiculous trap and every year have to come out here and debunk it. These observations tell you nothing. Even on a day like today where the dow closed down 17 points. S p losing. 4 . This tells you nothing about tomorrow or the next month or the next year. So tiresome. But lets understand how this nonsense gets perpetrated so it doesnt mislead you. First, its true, there are patterns to things. We like to look at the technicals, right . So to speak because they show some patterns that you can try to make money from. We accept the fact that if a company has a pattern of missing its quarters then we shouldnt touch it until that pattern comes to an end. We totally buy into the notion when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februarie
But lets understand how this nonsense gets perpetrated so it doesnt mislead you. First, its true, there are patterns to things. We like to look at the technicals, right . So to speak because they show some patterns that you can try to make money from. We accept the fact that if a company has a pattern of missing its quarters then we shouldnt touch it until that pattern comes to an end. We totally buy into the notion that the economy tends to slow when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. Today dr. Stanley fisher spoke at the counsel while he was certainly more dovish than hes been emphasizing data dependence he didnt take the rate hikes so, we did a rate hike. We should wait a considerable because of the worldwide turmoil since the last hike
We totally buy into the notion that the economy tends to slow when the fed raises rates. Thats a pattern you see time and again. Thats called economics but these other patterns, the season ones they just dont hold up under any scrutiny. For example i heard today this very morning that february can be a cruel month based on a bunch of bad februaries. Today dr. Stanley fisher spoke at the counsel while he was s certainly more dovish than hes been emphasizing data dependence and not the need for rate hikes he didnt take the rate hikes off the table but had he done so, we did a rate hike. We should wait a considerable period until we do another because of the worldwide turmoil since the last hike and then the averages would have roared higher today even as the softer commentsts would contend did provoke a rally. Does that mean if today would have been good we would have been in good shape for the rest of the month . Does that mean that we would call into question as january goes so goes th