If youre long the right stock sos if you own them during six Straight Days of gains this rally is very much real and you are not questioning it. If youre in the wrong stocks or assuring the winners you would be asking the question is it real . Being wrong poses real risks like not being able to think straight. Being right, you know whats real and whats not because your head is clear. You thought it through. You recognized that youre buying whats cheap and can work at a lower dollar, inflation rate with the environment with the fed on hold and a crazy president ial election. Those who are on the wrong side dont have a lot of choices now. They can come in on top of a market thats worn from the february lows or wait for a pullback. They can question the reality of the move. In turn, i question their judgment. With the rally that lasts this questioning its veveracity. We are seeing a huge expansion with Health Care Stocks into cyclicals and industrials that will be very cheap in f the once
It phony . Putting the averages in the black for the year. I keep hearing the question. So let me give you the answer from the old days when i was running money at my hedge fund. If youre long the right stock sos if you own them during six Straight Days of gains this rally is very much real and you are not questioning it. If youre in the wrong stocks or assuring the winners you would be asking the question is it real . Being wrong poses real risks like not being able to think straight. Being right, you know whats real and whats not because your head is clear. You thought it through. You recognized that youre buying whats cheap and can work at a lower dollar, inflation rate with the environment with the fed on hold and a crazy president ial election. Those who are on the wrong side they can come in on top of a market thats worn from the february lows or wait for a pullback. They can question the reality of the move. In turn, i question their judgment. With the rally that lasts this long
The dow swings nearly 300 points during the session while the dollar falls to three week lows but todays futures point to a higher open. 0, zip, nada, zilch, you got it in barclays sees no Earnings Growth for the s p 500 in 2015 but they do say that the stock market sell off appears to be over. Greeces leading parties are neck and neck ahead of this weekends elections in a vote that could throw the implementation of the recent bailout into doubt. Lets check in on the u. S. Markets open. Lets see how theyre pricing right now. Another decline. We do have the dow falling off a 300 point swing during the regular session because people were anticipating waiting to see what the fed and janet yellen were going to do with Interest Rates so as you see at the end of it we were down. 4 . We were actually higher going into that press conference but then things just turned around. Lets show you the u. S. Dollar. Theyre not going to hike Interest Rates and, in fact, four of the fomc members say were
And andrew ross sorkin. Well talk about the fed and the Market Reaction in a moment. But first, check this out everybody. Close friend of the show. Jordan spieth hitting a hole in one. Yes it happened on par 3. The par 3 2nd at conway farms golf club. Thats in lake forest illinois. One bounce off the run on to the green and right into the bottom of the cup. Wow. Okay. Lets get you caught up on the market news in the morning. Got to love that. U. S. Equity futures at this hour after the feds decision not to move. Janet yellen and the feds. It is a group. And hes not even complaining. Hes not complaining. Dow looks like it would open down about 55 points right now. Just broke up to 57 points. S p 500 down 7. 5 points as well and the nasdaq open off about 17 points. The fed of course, were doing it again. Were doing it every day. What if they had raised what would the markets have done. No idea. 110 points to 7yearold 0 Interest Rate policy. Market odds for december hike still above 60 .
And it has to do with change. Change nobody can believe is, for example, i go and talk about stocks, you know, i talk about stocks witpeople. They ask me to what look at . Why dont you look at mcdonalds . Check out mcdonalds in europe, they check out my face. Theyre pressing me. You know what they say . I always love the take, question, fries, big mac is delicious. I love their smoking coffee. You cant beat the egg mcmuffin. We are in a health society. No doubt. We also live in a guilty pleasure, mcdonalds has guilty pleasure written on it. I think cnbc knows that, they know how to somehow get back to the basics of Quick Service and a value meal that tastes good, throw in chicken and biscuits, you will do great. Burger king is doing great, why not . I wouldnt confuse dominos and call kfc fresh and organic . You know what i mean . So why the heck cant mcdonalds throw itself around, too . Its the execution thats been the problem, not the unhealthy food, if it was food, why the heck is wh