the open yesterday, but recovered a chunk of the losses as fed officials made comments that turned the day around. one offical called big market players feeral hogs who are overreacting to the fed tapering its bond-buying program. in the end the dow fell 139 points. gold shed 9 more dollars as oil rallied $1.26. software soulmates: microsoft and orale are forging a friendship. oracle software will run on microsoft s windows azure cloud. a ruling on whether jc penney can sell certain brands by martha stewart is expected in august. macy s sued penney claiming exclusive rights. and, the cfo of navitar is leaving the company in less than a week. tony harris of performance trust joins us for trader talk this morning, and tony, as you know, the market has been yielding to fed comments yesterday. the fed officials trying to calm the market down. will it be enough for the trade today? - you know, i don t think so. yesterday the 10-year treasury got as high as about 2.65%. it did
we judge the future negatively. but how did we reach that judgment? how did we reach that point total? it s almost like a sports match expressed mathematically. don t roll your eyes, i ll make it easy. each day starts at zero, meaning the averages would be flat if nothing happens with individual companies or with governments and central banks. that s the so-called micro, the companies, and the macro, which are the governments. so we ve got a flat line here, okay? that s how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk some sort of data. so let s just presume we re never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report to see where the averages are headed. so consider the box score from one 24-hour sports cycle, using the parlance of foot
we judge the future negatively. but how did we reach that judgment? how did we reach that point total? it s almost like a sports match expressed mathematically. don t roll your eyes, i ll make it easy. each day starts at zero, meaning the averages would be flat if nothing happens with individual companies or with governments and central banks. that s the so-called micro, the companies, and the macro, which are the governments. so we ve got a flat line here, okay? that s how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk some sort of data. so let s just presume we re never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report to see where the averages are headed. so consider the box score from one 24-hour sports cycle, using the parlance of foot
it s almost like a sports match expressed mathematically. don t roll your eyes, i ll make it easy. each day starts at zero, meaning the averages would be flat if nothing happens with individual companies or with governments and central banks. that s the so-called micro, the companies, and the macro, which are the governments. so we ve got a flat line here, okay? that s how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where cenal government or banks squawk some sort of data. so let s just presume we re never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report to see where the averages are headed. so consider the box score from one 24-hour sports cycle, using the parlance of football. why not? it s football season. it will be easy for everybody. here is the playoff play. first we ge
and the nasdaq giving up 0.43%, we judge the future negatively. but how did we reach that judgment? how did we reach that point total? it s almost like a sports match express eed math cali. the averages would be nothing happens with individual companies or with governments and central banks. that s the so-called micro, the companies, and the macro, which are the governments. so we ve got a flat line here, okay? that s how every day starts. of course, something does happen every day, which is why we are almost never flat, typically on days where central government or banks squawk newsom sort of data. so let s just presume we re never going to be in zero. then we get to earnings season and the equation changes dramatically. we get really granular. we extrapolate the heck out of each and every earnings report. so consider the box score from one 24-hour sports cycle, using the parlance of football. why not? it s football season. it will be easy for everybody. here is the first pl