Later, karen will tell you the one bank stocks that she says is a screaming buy. And jamie dimon, its not your stock. Oh, wow, man. We start off what it looks like for a retail armageddon once again. Now covering your yeartodate lows t. Main calls were, once again, Department Stores. Macys yeting crushed 8 a. Retail selloff in the other Department Stores. Is this the retail bottom . If not, what do we need to know and see, to see that weve hit rock bottom . Guy. The retail bottom in the names you mentioned. Macys, you say valuation, karen can speak to this probably eight times forward earnings. You talk about negative eps growth. You say, where is the core . Im not sure. You look at a nordstroms, its had an interesting move over the last year, yearandahalf. You say at 13. 5, 14 times forward earnings. Why cant it trade . Different companies i know, i get it. But that whole space the anchor stores are in a lot of trouble. I dont think theyre tradeable at these levels at all. Well, there
Weved a that the heatwave, the Severe Weather and right now we have the fog, but right now youre bringing the sunshine with the yellower hoo. Im trying. Hopefully well have a better saturday. It looks good for the upcoming weekend. A live look right now at the Philadelphia International airport. We are keeping tabs on some of the reduced visibility, but hang in there because yes, we will see the return of that sunshine and also lowering humidity. Seasonable temperatures topping out in the mid to upper 80s a little later on this afternoon, but once again we have to get through the mugginess of this early saturday morning. A live look along the parkway, 74degrees right now and look at that high humidity at 93 percent dewpoints in the low 730s, but we will see them drop throughout the day. Reduc ed visibilities right now, trenton down to one mile, five miles in philadelphia, two miles as we move toward reading. Ultimate doppler showing a few left over sprinkles that moved through earlier,
S p climbing. Nasdaq falling. I think it says there are plenty of people who want in. They just wanted a pullback like yesterday to throw money at the market. You can average in three days and even after yesterdays beat down come out ahead. Even though there are Larger Forces that would normally indicate this is not the time to commit new money. I am kind of in that camp here especially because i was heartened to hear about a Ukraine Russia pact over energy. The real reason why we rallied so hard. I think this market is not what it once was. The rallies dont inspire confidence anymore. Some say it is better to scale out rather than buy into. There are too many unknowns. This hair trigger does you no favors if you are a bull. Best example, the jump bond ignited by departure of bill gross from the firm he founded, pimco. You dont get to be the bond king by being a bum. When i read the headline william h. Gross joins Janus Capital i said that is not bill gross. It is some other gross by t
Every year, you call that number on the back of your credit card, fumble with the answering machine’s 1,000 options and then finally after lots of hair-pulling frustration get to speak to a real human being in order to request a credit card annual fee waiver. Rinse and repeat for ALL your cards. Otherwise, cancel your credit card. Sick of.