After another whip solid day where the dow is flying high and then nose dives to close 19, look at this you blinked and you missed it or you blinked and you got crushed by it. Nasdaq got pummelled you need to get used to craziness. And believe me, i have been around forever, it is craziness. If you cant handle it, you have to take your bat and ball and go home people call the environment that we had for the last year the new normal but you know what, there was nothing normal about what we went through no, not today, i am talking about the last year. The kind of action we had until last week where the market goes up for ages without having a major pullback that almost never happens. I want you to think about fantasy island are we ever off fantasy island take off the wristband and rip off the ticket that got you in it is no longer valid. Closing bell, trading right now, guys the whole lexi kcon has to be thrown out we shouldnt be too much emphasis on where it actually closes we got the f
Away nearly everything weve learned about stocks over the past decade. I keep telling you, this time isnt any different which means you cant take your cue from the playbook that worked in more troubled times wanted to give up on stocks on companies that and never look back but you know what, these days that tendency will lead you astray including on this where the dow slipped four points and the nasdaq gained. 71 old habits are hard to break and the habit of baling on stock after disappointing news is no longer necessarily a money making strategy. In fact i will go as far and say it is a money loser. I am talking about the cut and run, the stock of bank of america. It failed speck tack collarly. And it would indeed crush you but that changed at your President Trump surprise victory. Of course donald trump, our booming economy is part of an expansion happening worldwide. This allows the Federal Reserve to raise interest rates. Well what happened this time around the stock blew through t
Breakout in two groups of stocks this year. Just like the karate kid they are the best around. Big tech and biotech kick off the year qqq up about 9 in 2018. And ibv up about 10 this year when it comes to hunting for growth in a raging bull market what is the best bet, tech or biotech . Dan. On a day like today, when you see netflix, a name that a lot of investors keep a close eye on as they think about tech, up at new all time highs, up 10 google has gone berserk before they reported earnings one sector thats more interesting could be biotech we have been talking about two big deals that weve seen already. When i think about the ibb it made 52 week highs but its down 10 from its 2015 all time highs. Sell gene, boyio yen and gilead are still off considerably from those high they have been aquarsor are going to be acquires if we are going to continue to make new highs in the market the ibb looks to be a decent bet to get back to those prior highs. If you look at the chart the last year
Cutting the First Quarter iphone production in half that is according to japans Nikkei News Service which says apple told suppliers about the plan citing slower than expected holiday sales. Weve been down this road before, kara regarding the nikkei and unnamed sources difference this time is its going into some pressure on the stock already. But how seriously do you take this well, i dont know. I think well have to see. I think the question is if these phones are too expensive we talked about this before. This screen on the phone i think is the focus of the article. This screen that is just much more a big component of the price. And whether this phone has rolled out globally. I mean anecdotally, a lot of people i have the iphone 10 but a the love people i know oment opted for the 8 because it is cheaper, they like the format. I think what is most interesting is they may not keep making them after september in this fashion. Which would mean a failure of the iphone especially if it was,
167 points nasdaq lost. 52 do you use this weakness to take a swing . Or do you recognize we are up so much that it is too late to take a profit or it is not too late it is hard to figure but lets do it together lets figure together. You have been waiting for a pullback to do some buying i am going to right now, this is your moment i think we can get through it okay i bet there will be some damage and you know what, that damage is your first chance for longterm investors to buy into weakness this year and i am telling you, i want you to take it i am recommending any additional pullback to put money in an index fund that mirrors the market i would put a little bit each day. This is a full crom week when we get a dip, that is your chance to put retirement money to work. We have had a market that is going straight up. I dont think the odds favor another leg up at this moment. We are far more vulnerable to let down not that we are coming into this morning session because selling begets sel