Dow plunging and s p plummeting 2. 78 . And the nasdaq nosediving 4. 11 . Its tempting to try to learn something from the big bone crushers of the past so we can apply those bone crushers to the future two are alike but there can be similarities take the. C do. Com bust. The endless run from 1998 to march of 2000 followed by a rapid meltdown, what is happening here now, now that the nasdaq is 10 from size, im hearing about the buzz all day okay, the beat of 1998, the nasdaq stood at 1,585. 1,585. It roared to 5,100 by march of 2000 and plummeted to 3,155 by may. Fast forward to 19 year ago and a round trip to 1 ,585 it is your Worst Nightmare of course, there are horrendous sell offs. The 87 crash averages cut in half in a few hours time the financial crisis, dallas laid the waste from 14,000 to 6500 and the covid crash dow from 295 to 68 to above 18,000 march lows. Nasdaq sank. But its that rebound from the march lows thats drawing comparison to the. Com era the nasdaq surged 82 from
A number of back surgeries and i was in the middle of a tapering course switched him over to methadone from his other drug to ease his taper and using misguided conversion tables. 3 days after i converted him i got a call from his wife buddy a doctor and was flabbergasted its not safe for people who just have chronic pain to give them opioids because they dont have the years of tolerance built up that people with heroin addiction have to really understand the complexity of being that drug is a reflection on. Guys much training this was the published data i said theres something wrong here. And that left a. Hole in my heart i still remember him very very clearly he had opened up a shop that Small Business and was really getting conceit. He even gave me his a. 100 day to come here coppers that information was dribbling in that the opioid miracle pain relievers were killing people is produced pharma and the other Drug Companies would have acknowledged a potentially lethal effects of opioi
Ahead of remarks from fed chair jay powell on thursday. Investors are interested in the path forward. It is day two of the public and national convention. And mike pompeo on the list to speak tonight. Abigail doolittle has been watching the back and forth. Lots of earnings after the bell, new record highs. What are you drinking . You tracking. Abigail those earnings, right in the hub of technology. Hewlettpackard up 6 . Seeceo is saying that they robust demand driven by big data. Down 2. 8 . E company this may have something to do with the subscription model. We will have to look at that as more information comes out. Right now, a little bit of a decline in after hours. T also up sharply, up five point 6 . They beat the earnings estimate and revenue nearly doubled yearoveryear. Some of these tech companies, the stories of the haves and havenots. You were mentioning record highs during the day. That was the case. It was a mixed close even with those record highs. Index of the Mega Cap C
We are monitoring his comments right now for any news that breaks. We are on this event for you. Meanwhile, got to look at the markets. Kicking off the first trading day of september with new records for the s p 500 and the nasdaq, and the dow is back in positive territory for the year. We shall see if these numbers hold through the rest of the hour. You know, septembers traditionally the worst month of the year for the stock market. But we are going to ask our floor show traders if they expect september 2020 to follow the usual pattern, because nothing about 2020 has been usual, to be clear. And we will get a view from the farm as harvest season is fast approaching. We will talk to one soybean and corn farmer about how he sees the phase one trade deal playing out in the middle of the coronavirus pandemic. Plus, the state of spacs. A giant in the Media Industry is turning to the world of 3d printing to tell us why he is now taking desktop metal public. Less than an hour to the closing
People who just have chronic pain to give them opioids because they dont have the years of tolerance built up that people with heroin addiction have to really understand the complexity of doing that drug is a reflection of. Training this is the published data i said theres something wrong here. And that left a. Hole in my heart i still remember him very very clearly he had opened up a shop that Small Business and was really getting on conceit and he even gave me his a. 100 day took me accomplish that information was dribbling in that the opioid miracle pain relievers were killing people is produce pharma and the other Drug Companies would have acknowledged a potentially lethal effects of opioids when these problems are 1st discovered hundreds of thousands of lives could have been saved instead they took steps to suppress negative information within a month received a 3 page letter from purdue pharma. Basically saying why are you bothering the doctors this is not a prescribing problem t