Lately is because the market changed its tune, gone are the days when you beat the bottom line it was enough to send your stock higher. Gone are the days when you beat the top line, gone are bit pitting the bottom line and raising guidance is enough to raise the share price. Now you need to best the earning numbers and guide them dramatically higher vndz a stock thats got low expectations or heavily shorted. Thats right, the gauntlet is demanding because the economy is slowed and getting slower according to much of the recent data. So lets go over whats worked this year. All right . Whats emblematic of success as we know it lately so you can rule out a lot of other stuff . Im talking about under armor, netflix, wynn, facebook, google, chipotle and michael coors, because those are all the stocks that flew to new highs, defying the averages that brought so many other stocks crashing to earth. We know a bunch of things going into the ar under armors quarter, which launched the stock into
Quorum call quorum call a senator mr. President . The presiding officer the senior senator from alaska is recognized. Ms. Murkowski thank you, mr. President. I request the proceedings under the quorum call be dispensed with. The presiding officer without objection, so ordered. Ms. Murkowski mr. President , i would ask unanimous consent at this time to enter into a colloquy with my colleague from north dakota. The presiding officer is there objection . So ordered. Ms. Murkowski thank you, mr. President. I rise today to speak to an issue that in my state of alas alaska, in the state of north dakota, quite honestly so many of our home states, we have we have facts, we have statistics, we have issues that face our Indigenous Peoples, most particularly our indigenous children, that, truth be told, these statistics are are not what we want to write home about. In fact, in many, many cases, these statistics are shameful and the effort and the initiative to make a difference in the lives of of
Averages. Even when a benign day where the dow climbed 87 point, s p advanced and the nasdaq jumped 0. 72 , you know in the old days before the market turned against the high momentum growth stocks, today would have been a major day, led by the momentum stocks like amazon, netflix, yelp. All the other stocks that used to be so loved. I guess i should say overloved. But a collective revulsion toward momentum brought on by the endless Insider Selling sell sell sell sell and ipo glut, coupled with the sudden and unexpected decline in Interest Rates that freaked out traditional yield seekers has turned it into the minor cord. Meaning that today was an oddity. Because expensive stocks rally and the orchestra of all stocks doesnt play together very much anymore. We have to resume that it will be distinstively short lived when you look at the preponderance of the earnings reports. The house of pain. Sell sell sell. So lets take advantage of our second backtoback up day to talk about what can
Was that they got an opportunity to go to court. And thats referred to as constructive exhaustion of revenues. And the plaintiff has an absolute right to go to court after 20 working days. But its not clear that they have much other remedy. But anyway, judge brown, kettani Brown Jackson said that this case, the crew case basically stood for the proposition that once the agency had not responded in time you got to go to court. And that was it. Epic argued largely because they had won this on similar situations in 2006, that there was a presumption that the agency would violate by not responding on time and that gave them permission to continue the case process to have the case process. Jackson basically said well now that the crew case exists, the crew versus fcc fcc basically the only remedy you have is to go to court and hopefully you can get the court to be more and amenable to your argument but you dont get to force the agency to respond any more quickly. Basically under the process
Relief momentary and rallied back into the black before drifting lower once again because bond yields continue to climb. And as we saw last night, the charts are still very much against this market, which is why the dow only finished off pretty hideously, going 105 points, s p slipping, nasdaq declining. 38 . The house of pain. It was like we rallied back up to the top of the cliff and said, i dont know, what the heck do we do now . And then we decided to walk back. Although the averages still got whacked because we had nothing to buy when we reached the summit. Before we get to why the market bounced back but then returned to lower levels, we have to spend a moment talking about the instant reaction to the fed minutes. One month ago, the fed debated about what to do about Interest Rates. Given the dramatic rise in the rates by the market itself, well, maybe they had to do something or maybe the attempt has failed. Or should it slow down the bond buying, taper it so to speak in grudgin