Chemistry, geometry, physics and a host of history classes. You can graduate from college and have a deep understanding of quantum physics. But you know what they teach you in high school but wont touch with a tenfoot pool in college, financial literacy. You can be an e conmy major and not even learn how to balance a darn checkbook. Money is not talked about in education. Its like the third rail of the whole educational system. And thats why im on a Constant Mission to teach you to manage your money so youll become a better investor when it comes to retirement investing and playing around what w what i call your discretionary mad money portfolio which is a big reason why i wrote get rich carefully to begin with. Most of you even if you dont own individual stocks directly you probably have some kind of exposure to the stock market. 401 k plan y you keep the bulk of your Retirement Funds which is why i want to talk about retirementment for those of you who have been living in a cave, 401
So were told. Snowmageddon snowpocalypse, whatever, a blizzard. If you havent heard by now its coming this way and it will affect tens of millions of people. We are live at major airports with thousands of flights already canceled at this hour. A state of emergency has been declared in new jersey in new york. I havent heard if connecticut has but they should. Connecticut they have shut down the major roads, major highway transportation starting at anywhere from 7 00 to 8 00 to 9 00 p. M. This is one of the biggest preemptive moves weve seen for a storm. Obviously if it doesnt pan out there will be a lot of guffawing. But you cant take too many precautions with the wind and the ice and the potential for power outages. We have the latest on where the storm is heading and how many feet of snow you may be waking up to tomorrow depending where you are. Thats right. Were measuring it in feet not in inches this time around. This one apparently is the real deal. So well keep you updated on all
By pretty much all by yours truly. I liked it because it set the barlow for the rest of the year. The vast majority of Companies Reported when the dollar was too strong. Now we have a totally different scenario i see the dollar putting in the top, i see europe Getting Better than equity examined and i see order where others right now are gripped by chaos, the backdrop is changing. Which means we will not be listening to hang dog executives whining about all the head winds out there and i like that. We will hear Domestic Companies that will be in refinance heaven and not only that, washington is off the front pages again. In short, we have a positive backdrop. Approximate the now the unemployment events are in the rear view mirror. Who is important next week . First we get the kind of company that im liking here. Masco, the cabinet, plumbing and paint maker. Does a lot of business in europe by the way. When i listen to the land of a thousand dances i spot the green shoots in europe and
With sue at the new york stock exchange. Hi sue. Hi,ty. And an accelerated slide in oil prices dragging stocks lower right now. The dow is down about 97 points on the trading day. As you mentioned, Goldman Sachs u. S. Equities strategy david costen explains why he thinks there could be an equity pullback next month. When we look at the data that has come out, we have for the last five weeks, the long positions are at an extreme. One of the highest extremes weve seen in a long time. And therefore, that would suggest that the u. S. Equity market is likely to experience a pullback some time in the next four to six weeks. And that would be pretty consistent with the magnitude of an extreme reading we see in the Commodities Futures Trading Corporation data. So, is mr. Kostin right . Lets bring in jeff hussey global chief Investment Officer at russell investments. Jim, ill start with you. What do you think of mr. Kostins comments . Do you think indeed we see that extreme in the commodity fut
Goes bad. Sue herrera has our top story. The snow. Shes right here at hq. Thank you, ty. Right now were going to go to morning city mayor bill deblasio holding a News Conference and a presser. Lets listen to what he has to say. We have very high winds. We know well have low visibility and lots of conditions that make travel unsafe. We will give you constant updates as we get information, but everything we know so far makes clear you cant underestimate this storm. This is not a typical storm. Its going to pack a real punch, and we have to expect heavy accumulation in a very short period of time. Wills another crucial point. Some storms come in in a measured manner. This is going to come in in a sudden spurt of activity. We saw some flurries this morning, and that has largely dissipated. What you are going to see in the few hours is something that hits very hard and very fast and people cannot be caught off guard. Best thing to do stay indoors, stay off the roads, stay off the sidewalks,