It, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We should be facing another 30 drop. Which is exactly what we used to do when the government encouraged opening accounts and people opened five accounts and borrowed money to put in the accounts. Specifically, its a phony we have lost all confidence in the chinese economys ability to run either their stock exchanges or for that matter, their economy. And that loss of faith is translating into genuine fear of some sort of systemic crisis that could hurt worldwide growth. There will be fed officials galore talking up the need for rate hikes later this year given the
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last nighghwith all sorts of bubung, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managegeto come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
Track isis intentions. But numerous sources say u. S. Intelligence has no credible evidence of isis plots on the u. S. We have to take with a grain of salt any reporting from the iraqi services. Reporter its the khorasan, struck in syria tuesday, and al qaeda in yemen that u. S. Officials fear more. They say those groups are working on bombing u. S. Airliners. As he shuttled between meetings, president obama got good news about his coalition to fight all the groups. The french may join in strikes in syria. Germany delivered arms to anti isis kurds. And the pentagon said most of the war planes flown yesterday were not american. Instead, from saudi arabia and the uae in strikes on profitable isis oil refineries. Strategic attacks meant specifically to get at the way that this group sustains, leads and controls itself. There will be more. Reporter to destroy isis and the like before they can strike in the u. S. To try to keep isis fighters out of america, the fbi director says there is an
Is always about money. Cheryl you all know about snapchat. At least your kids probably know about snapchat. They dont want you to know about it. We go from campus craze to 10 billiondollar business. Smart app that makes photo messages disappear is worth more than some long time favorites. You tell me if it makes sense. Topping household names in valuation, foot locker, staples, avon. All this is big Money Valuation despite the fact that snapchat is bringing almost no revenue, zero revenue. Bring in somebody who is big revenue. Charlie gasparino. Wall street journals James Freeman with me as well. Dominic tavella of diversified financial. They dont make money. What is going on . That was the problem in 1998 and 1999. That was before the nasdaq blew up in march of 2000, went from five to one in the index. I dont know what it is now. Some firms had no revenues during those insane times actually made it. They came back. Theyre profitable first right now. A lot of them like pets. Com didnt.