A society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it here we are over 49 years after going off the Gold Standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the Economic System in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in North Carolina senator richard burr who was caught not only dumping a whole bunch of sharers 2000000. 00 worth after he secret inside information about the coronavirus but it turns out its even worse when senator richard burr not only engaged in obvious Insider Trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so here you have a guy whos supposed to be th
A legal system of its own it imposes moral code upon the Economic System in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in North Carolina senator richard burr who was caught not only dumping a whole bunch of sharers 2000000. 00 worth after he secret inside information about the coronavirus but it turns out its even worse when senator richard burr not only engaged in obvious Insider Trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so here you have a guy whos supposed to be the legal system of the the. Moral code of the nation and congress and he was actually had these pharma before him in terms of business and he he sold his house to one of these lobbyists this 2 tracks there those 2 paths those 2
A way of life for a group of men in a society over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it here we are over 49 years after going off the Gold Standard in 1971 which is a moral code and a legal system of its own it imposes a moral code upon the Economic System in terms of honesty and terms of distribution of wealth but here we have a system that 49 years later has become rotten the institutions have melted and disintegrated and we have people like our own senator here in North Carolina senator richard burr who was caught not only dumping a whole bunch of sharers 2000000. 00 worth after he secret inside information about the coronavirus but it turns out its even worse when senator richard burr not only engaged in obvious Insider Trading on the coronavirus after receiving intelligence reports on the looming pandemic but he also sold his townhouse to a farmer a lobbyist above market price for a tidy profit so here y
Banks and Energy Companies leading. The tenure u. S. Yield back up to 50 basis points. It was below that all morning. Nymex crude down about 20 . As you know, saudi and russia in a bit of a war here. 33. 22 is the price. The dollar and Oil Currencies are mostly trading with big ranges right now. Lets get to our second board to see more action. You could look anywhere today and see a lot of action. Highyield, that Circuit Breaker was triggered as well. We are down about 5 right now. Dollaryen at 1. 0240. All of thelooking at markets throughout the next hour. Guy the best way of doing that is to take a look at the gmm, the function on your bloomberg which will give you an idea of what is happening around the world. The brazilian markets halted, limit down. The ftse is off by 7. 25 . The dax down by 7. 1 . The s p now down by 5. 88 . The russian ruble, oil prices the center of this story, down by nearly 9 . Brazilian real off by nearly 3 . The euro catching a bid. The dollar on offer agai
Eeked out a two basis point gain but it could have been worse and it should have been worse and was at one point in the day very ugly but the nasdaq rallied in the close taking the market with it. I kept from the very beginning, from the opening bell, where are the sellers. Where are they why arent they reacting to that ugly warning that we got monday from apple why is everything no matter how negative treated as a buying opportunity. It is like there is always something to be said for instead of and i think i know the answer. I think it is the index funds. 60 is coming in via index funds and they buy everything, including the stocks that should be getting hammered by bad news. And they buy in waves and they are in control of this stock market not mutual fund or Hedge Fund Managers either. Yes, index fund buyers i know people call this market a bubble and blame an easy fed but maybe, just maybe, listen to me, there is no one toblame. You simply have Many Companies doing well and compan