The big apple virtually shut down and folks hunkering down for the first big blast of the year. Tonight. Millions of americans in the northeast still socked in from a crippling snowstorm. Sot traveler i didnt expect to be caught in the middle of snowzilla its just such a white out right now nats beep beep even the dc police chief stepping in to shovel out stuck patrol cars. Nat pop so much snow the plows cant keep up. Nats at the jersey shore. Roads flooding with chunks of ice floating by and water levels reaching 8 feet. Praising residents who heeded the Early Warning to evacuate. Sot gov. Chris christie new jersey this is my 17th snow emergency in 6 years . We know how to do this. Pittsburgh . Brandon moore herriing Motor Company its just one after its just nonstop, and dont seem like were getting anywhere. 00 05 00;17 00 05 10;11 00 00 09;24 long, stalled snake. Many commuters spending 15 hours in their frigid cars. Sot driver we havent had any food, since yesterday. In new york cit
For the holidays. There we go, we are all in the red. The biggest hit is the nasdaq, the tech heavy nasdaq down all day. Even when the dow was up, the nasdaq down, tech stocks taking a beating today. Shibani weak sales sending retailers and they read it today. So the highend names among the worst performers. Coach, michael kors, not holding up in todays market. David even the homebuilders could not get a bounce. Could it possibly be some profit taking . Up tremendously the past three to six months so perhaps that is what is going on. Some prices are looking down a bit after having gone up tremendously even the overall trend is good for homebuilding but for every reason stocks are down today. Were getting dangerously close going over the fiscal cliff which means taxes go up for everybody who pays taxes but what else does it mean for you and for the economy . The chief of staff on george w. Bush council of economic advisors, she thinks were probably going over because the white house wil
Before ultimately closing in the red, dow giving up points, nasdaq losing. 29 . But we arent getting destroyed day after day either, though as you would expect from all the commentary, right . You would read that, hear it, you would think that all earnings have been uniformly terrible. Its not true. You know why the markets not getting killed so much . Because as much as we want to paint the earnings canvas with a brush of red ink, there are pockets of green that keep us from getting drubed badly here. Those pockets have one quality in common, execution. When i speak about execution, what i mean is some companies are winning even as others faced with similar circumstances are losing. Sell, sell, sell there are enough winners to keep the balls in the air and the bears at bay. And those winners are triumphing because theyre doing a better job in their daytoday business than the losers. The ceos are better, the companies are better. Hey, its just like sports teams. Some guys make the play
Those pockets have one quality in common, execution. When i speak about execution, what i mean is some companies are winning even as others faced with similar circumstances are losing. Sell, sell, sell there are enough winners to keep the balls in the air and the bears at bay. And those winners are triumphing because theyre doing a better job in their daytoday business than the losers. The ceos are better, the companies are better. Hey, its just like sports teams. Some guys make the playoffs, a lot of them dont. The best way to understand this execution issue is by pitting individual companies in the same sector against each other. Last night, we spoke to chuck bunch, hes that terrific ceo of ppg, the old Pittsburgh Plate Glass who happened to come on the same day that dupont reported the benchmark of bad quarters. I mentioned ppgs old monicker because its how bunch figured out that it might be a prescription for failure in a world where commerce is global. And a ton of Companies Overs
Before ultimately closing in the red, dow giving up points, nasdaq losing. 29 . But we arent getting destroyed day after day either, though as you would expect from all the commentary, right . You would read that, hear it, you would think that all earnings have been uniformly terrible. Its not true. You know why the markets not getting killed so much . Because as much as we want to paint the earnings canvas with a brush of red ink, there are pockets of green that keep us from getting drubbed badly here. Those pockets have one quality in common, execution. When i speak about execution, what i mean is some companies are winning even as others faced with similar circumstances are losing. Sell, sell, sell there are enough winners to keep the balls in the air and the bears at bay. And those winners are triumphing because theyre doing a better job in their daytoday business than the losers. The ceos are better, the companies are better. Hey, its just like sports teams. Some guys make the pla