Taking your cue from a mistake in action can be a big mistake dow sank 138 points. Dow went down, and nasdaq went down i see stupid thing all over the place. Im urging you not to jump to any conclusions based on the tape remember, the big money measure control the daytoday gyrations in stocks, get things wrong all the time back in january of 2016 the price of oil plummeted to 26 a vale schlumberjay saw its stock had 61 bucks today with the price of oil is more than double tan it was back then, schlumberjay plummeted to 61 bucks someone sent me a tweet asking what to do with the stock of schlumberjay i said if it goes below 60 its probably worth buying because its ridiculous for this stock to be this cheap versus the price of crude right now the price of crude is 55 schlumberjay shouldnt be trading where it was back wen crude was at 6 i could be wrong but then again, you ever think the stock was wrong. I know people who thought it was bounce right back. The ceo of schlumberjay was not o
And they dont like to follow the rules. I dont blame them i was a rambunctious kid myself when i started managing my own money. I didnt know the rules at first. And when i learned them, i spurned them because i didnt believe they could help or they cut off my upside. Even if they cushioned the inevitable downside. The rules kept me from making a huge amount of money when things were going gang busters to keep me from losing big money when things went badly. The house of pain the rules im discussing tonight keep you in the game, even when things are tough and you make those mistakes. [ buzzer ] the rules protect you against your own bad judgment about whats going on in the companies you own or whatever is happening in the market overall. But if youre going to make money using stocks because you just cant get much of a return anywhere else these days, thats pretty much the case, youre going to have to work harder with your money to do so and that requires discipline discipline because on
That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo
Police have tactical units, air wing and k9, they are searching for that additional suspect. This started as a gun trafficking operation. Neighbors are being told to keep away as they look for additional suspects. We can see this area outside the home now turning into a crime scene investigation. They have multiple evidence bunkers on the ground. Back to you. Ed it is a multiple Agency Operation and they are keenly focused on the area. There is a Massive Police presence. State and local police, an extensive number there. We have crews on the scene and we are staying on top of the story. The other big story that we are following. Hurricane matthew slamming haiti now on the move. Damage is extensive. Meaning it could be days before we know about all of the damage. Ed florida is bracing for impact. Evacuations may be ordered. Jc several airlines encouraging passengers to make plans now for possible cancellations later. Harvey will be back tomorrow. High holy days. Lets see what is going o