Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
Tweet earlier in the hour does suggest that you think these retailers are prepping us for numbers that are going to be tough to replicate. Yeah, i think that they have to, carl they all know that america was flush from the 1,200 check and they also know there is a lot of stay at home people trying to make their homes into an office and a home, and that thats largely passed now, that doesnt mean that you shouldnt buy these stocks because that money went to these essential retailers and now theyre stronger than ever, but i know that if you are if you are at walmart it does not pay to say this is going to continue same thing with home depot i say you wait, let them come down and recognize that these are just so good that you want to be in them. Particularly, say, if a lowes comes down, thats kind of attractive, they report tomorrow look, these are remarkable companies, but they are also given as remarkable companies are to humility and to a respect to the individual investor they dont wan
We got a hard reversal all afternoon thanks to saber rattling over the south china sea. 560point gain to close up 11. Nasdaq led us lower plummeting 1. 3 and s p lost. 93 some will say this, that this today was a short term top i think it was just a hideous Money Managers eager to lock in gains. Who can blame them one was up 7 . Up 7 last week and you know what i think it could be short term in nature. Its got a great start to a week that sets the tone for the whole earning season what is the game plan for the next four days since i was away on friday . You know what . Weve heard from pepsi co today. Pepsi gave upmost of its terrific gains we also got a big Semi Conductor deal by entbetter than expected numbers and that the how it felt before the rolled over tomorrow is where the rubber hits the road, and it could be rough. We hear from the best of the banks and the worst of the banks. J. P. Morgan and wells fargo. I dont know if j. P. Morgues results will be good enough to offset well
The pandemic and lines they are shifting Rock Solid Companies are on dangerous footing and outfits are tightened emerging industries sometimes its hard to tell the difference and thats what happened today with the dow declining 78 and the nasdaqed wt a record close of. 95 let me explain the prism if you want to understand this market, the single most important fact is more covid cases are exploded back above 40,000 yesterday. Between 44,000 and 48,000 depending on your source and it really didnt matter to the averages so why the heck didnt the stock market go into a tail spin our country has hands down the worst response to this pandemic than any nation on earth with a few notable exceptions like rhode island, every level of government dropped the ball and not just the government. We keep dropping the ball with kr citize citizens, too. We dont believe some dont believe that this matters. Hey, listen, we dont have a lot of weapons against the virus lets use what we can do the pandemic i
Famine market ive ever seen either the world is ending or everything is going to be just fine. House of pleasure no middle ground. Problem is, thats a terrible way to invest. Have to try to keep a level head, not too negative, not too positive thats how you handle days like today where the average is up and down, big before covering, not only gaining 158 points. S p climbing. 83 . The nasdaq jumping 1. 43 down so horribly, wow, let me break it down for you. This morning at 4 00 a. M. This market looks horrendous. Down a thousand points why . Nobody really knows. We heard it was because of covid spikes and outbreak in china i was watching the tape and it was all about the same, the big declines in royal caribbean, norwegian cruise, carnival, apache, united, continental, southwest, kohls, everything got crushed last week, everything that always trades before the market opens. Why dont we call them unusual suspects thats the new playbook for all the novice investors who crowded into the m