People were discussing today even as the dow climbed. The s p jumped 4. 9 . We rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the worlds growth further, costing the feds not to raise rate this is year. The hope that the feds on hold turn the market down big. The futures were off last night. Having a huge day despite the tragedy in europe. The pajama traders got it wrong. Todays action was a relief rally that perhaps the fed sees what we see. The big roll over happening in manufacturing, industrial and retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and ga
Retail portions of the economy. Lets start with basic industry. Steel, metal. Have you seen u. S. Steel lately . Down 63 for the year. 63. With one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. Companies underneath him will have a hard time making it. There is an oil and gas Company Ak Steel holding down for the year. Copper prices plummeting in oil and gas doing poorly. Stock based on hope that china comes back online and the fed does nothing. Caterpillar is an amazing stock as well as cummings. The stocks are down. The industrial sector is in trouble. Same with joy global down 66 . I can barely bring myself to talk about coal and iron. It was thrilling to hear the hedge funds tighten, einhorn made a stand on con sol energy, a coal company which had the stock up more than 7 today. Thats more than 76 for the year. The iron work company, casablanca, managed to install its own people at the top. That stock is down 6