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 missingng 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 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
Another busy day for earnings after the bell. Cvs and news corp. Will lead the charge. Well have analysis of all the numbers. Before we get to all of that, lets look at where we are in the markets right now. The markets have been whipsawed today by International Tensions. The dow down as much earlier in the session as 93 points. Right now were down about 75 so we are headed back towards the low, 16,368 is the level there. Nasdaq is off 15 points. S p 500 is off ten. Tyler, it is now down to 1,910. Joining our Closing Bell Exchange this hour, heather hughes, meg green, larry mcdonald, and our very own rick santelli. Welcome, one and all. Rick, id like to go back to something that you showed graphically. Might not work quite as well without your graphics. On power lunch, you looked at the performance of some bond charts versus the equity charts. Would you sum up what you were saying there . I will. As a matter of fact, were going to be showing those same charts right now as i talk. If yo
Look out because americas economy is headed for a lift off in 2015. The question is will the economic slow down in the rest of the world come here its a good question. The pace of americas growth slowed in the final three months of 2014 to an annual rate of 2. 6 compared to the previous three months. Thats according to newest mates put out by the Commerce Department by comparison. It was half the base during last years summer months when the economy leaped by 5 . That is the strongest growth weve seen in a decade. Whats more, the International Monitory fund is bullishing forecasting the rise of 3. 6 this year. Spending by consumers is up, thats good news. Spending makes up twothirds of all u. S. Economic activity, thats helping more jobs get created. Were seeing hints of upward movements on wages the one hold over that helps to make this recovery feel hollow by more americans. The rest of the world is seeing growth stagnate or retreat. Two of americas trading partners are not looking s
In madrid where a new Political Party is challenging the established order. Hello we begin with the latest developments in the conflict with the Islamic State in iraq and the levant. Jordan has been trying to find out what has happened to one of its military pilots being held by isil fighters. Isil had threatened to kill the pilot unless a female suicidebomber being held by jordan was released. Inside isilcontrolled territory al jazeera has evidence that resistence is growing in mosul. In iraq dozens of iraqi soldiers and kurdish fighters have been killed in a series of attacks by isil. A car bomb in the market of baghdad killed seven people and seven decide in samarra in a security attack. Elsewhere isil fighters have killed 15 iraqi oranges in an assault. 10 isil fighters were wounded in the exchange of fight that followed. And 25 were killed in an isil attack in and around the northern iraqi city of kirkuk. It triggered a fire fight between police and Kurdish Forces. The Kurdish For
This is real money with ali velshi. Look out because americas economy is headed for a lift off in 2015. The question is will the economic slow down in the rest of the world come here its a good question. The pace of americas growth slowed in the final three months of 2014 to an annual rate of 2. 6 compared to the previous three months. Thats according to newest mates put out by the Commerce Department by comparison. It was half the base during last years summer months when the economy leaped by 5 . That is the strongest growth weve seen in a decade. Whats more, the International Monitory fund is bullishing forecasting the rise of 3. 6 this year. Spending by consumers is up, thats good news. Spending makes up twothirds of all u. S. Economic activity thats helping more jobs get created. Were seeing hints of upward movements on wages, the one hold over that helps to make this recovery feel hollow by more americans. The rest of the world is seeing growth stagnate or retreat. Two of america