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
How far will this scandal take us . Turbulence and the discount carrier space. We are less than a half hour away from the start of european trading. No sense of direction. The agent session did not give us much. It didnt take us forward. The treasuries were closed yesterday in the United States. Aat we are starting with, is blank piece of paper when it comes to the markets, and a directional story we will talk about. It is going to be interesting to see how we work through the day. Wasstory out of asia interesting in a few ways. The biggest story to me, the big political story coming up is what happens in china this morning. Austria, interesting. The town out of this is that the dollar is weaker. First word bloomberg update. Banks, guy. Catalonia faces a day of reckoning. Barcelonas mayor has said the results of the referendum cannot serve as a basis for secession. Read more companies are leading the region. Three more companies are leaving the region. The u. S. Has blamed turkey for i
The media loves this. The New York Times says Party Fissures have been exposed in an embarrassing setback for republicans, end quote. And here is a dire warning from the conservatives, if g. O. P. Senators blow this, say hello to Single Payer Health care. I repeat, this is not good news. However, yet again, political paralysis has not spilled over to the markets. The modest gain for the dow expected right there at the opening bell today. But the markets are getting nervous. And an another 100 point drop for the dow yesterday, all the big five Technology Stocks took a hit yesterday and there were modest rebound today, but thats not much. A modest rebound. Wait, theres more. Gas down again, see that smile . The white house calls out cnn and sarah palin sues the New York Times. Big day for politics and for your money. Varney company is about to begin. Now, the headline there was the collapse of venezuela and, yes, its really in crisis. Look at this. The countrys president maduro claims th
Check on the welfare of someone. They found a man quote in crisis at the time would not come out of the house. Now at some point police confirming to us that shots were fired in their direction. The swat team came here. They brought a bar cat Armored Vehicle to pick up neighbors as you mentioned to move the neighbors out of the scene to get them away from this street and this neighborhood. Negotiates have been trying to communicate with the man now for hours even just a few seconds ago were hearing them say come to the door, come to the window lets talk about this. We do not know at this point if the span responding. We can tell you that neighbors are saying that the man lived there lives there with some other people. They apparently rent that home. They have not lived there very long. And they have not caused any problems but again its believed the man is in the house by himself. Again, the alarm came because we heard and Police Confirmed that shots were fired in their direction. No i
Ladies and gentlemen, welcome to the Shakespeare Company barred Associations Annual dinner and mock trial. Before we begin the trial please silence all Electronic Devices that may disrupt this evenings proceedings. Photography at tonight at trial is strictly prohibited. Please join me in welcoming chair of the barred association, abbe lowell. [applause] good evening. Thanks for joining us tonight at the annual dinner and mock trial presented by the Shakespeare Theater Company and the barred association, the Affinity Group of lawyers, those associated with the community and those who support the Legal Community to bring the best we can to the stage of this wonderful theater. As you know, tonights performance, tonight at trial is based on a production of 1984 that was presented by the Shakespeare Theater Company a few short months ago and which in turn is based on the 1949, thats right, 1949 book by George Orwell predicting what 1984 might look like. I know you all know the story very we