Pigeons and horses. We will go to the first slide on mules. Although they are often looked down upon because of their stubborn natures, the phrase tough as a government mule is one we are probably familiar with. They are hardworking and widely used in the military was before world war ii and during the war. They really did prove vital in some areas. Why use mules . They have a sturdy nature and are very surefooted. They were vital on some of the rugged terrains and by military vehicles. They require less grain than horses and are a more dependable work animal. They are quite intelligent, which is contrary to popular belief. It is there intelligence that helps them recognize their own limits of strength and endurance. The quality sometimes read as stubbornness is a form of selfpreservation. Ike horses, deals will not mules will not work themselves to death. During world war i, the army used mules by the hundreds of thousands and cap nearly 80,000 could ld war i after world war i. The u.
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I think we should start by checking where we are. Were in the midst of a big snap back day the dow is back over 20,000. Pushing a 9 gain of 1600. The s p good for nearly 8 theres the nasdaq as well up close to 7 . Have we turned a corner . I dont think so. I think technicians is what is referred to as a counter trend move its nice to have. I think people could use a break from just the persistant and constant selling were looking at stocks in the s p 500 be p t the percentage of stocks making fresh hundred day lows that number is slowing down. A few days ago it was high 80s right now its low 60s i think thats pretty good i think well take that. Again, these are the types of days that give you the opportunity judge, if you were panicking and you felt you were too exposed, this would be the kind of day if youll lighten up from a 60 40 portfolio to a 50 50. If you look at the biggest names its happening in areas that have been thrashed mgm up 33 Royal Caribbean up 31 im looking at ual up
Good morning, leigh. Reporter good morning. Yes. And its very busy. Very crowded in this kitchen. So im doing my best to stay out of everybodys way. We have all the volunteers here. Theyve been here earl 84 this morning. And they are doing an Assembly Line of the meals. And it looks like the potatoes that is now on its side which means we are probably getting low on that end. And they will have to put in the second shift of potatoes. They are moving along pretty quickly. There are more than 4,000 meals that will be packaged here and hand delivered to thousands of San Francisco residents who cannot leave their homes either to illness or age. Now we have more than 500 volunteers coming to pick up these meals and deliver them. There are some longtime volunteers that are here. We did meet a guy in the first hour named zach who is here with both of his parents. We have also met tourists from germany that came early to help out. We were thinking what to do with our christmas. And we thought
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra