where did all the sellers go did they just disappear? did they decide to park the money in the stock market like it s some kind of bank vault the more i watch this market rally all week with the dow gaining 89 points today, s&p advancing 3.3%, the nasdaq 6.7%, that s exactly what s happening. it s not that investors have gotten complacent. they re just being disciplined and resilient. so far the discipline is working and the resilience, well, it s a wonder to be hold. with the coronavirus, how can we recover so easily from friday s meltdown we have now bounced back harder than we fell what s driving this? first and foremost, the marginal buyers stocks right now is the index fund investor, someone who puts their money into an s&p 500 buy, buy, buy index fund, and then leaves it there everybody knows this is the smartest, lowest cost way to invest you have to diversify the portfolio with some of the largest companies in america all right. there will always be dogs. [ bark
Ben lomond. Ill be back. Rain pounded south way. Especially santa cruz mountains. Always a treacherous ride up and down highway 17, hit with mud slides earlier this year. Jean even dla vega is live. Right now, heavy rain stopped, just a light mist but here it is treacherous with big downpour. So far no major problems. Traffic is flowing okay but drivers do worry about the winter. Those who drive highway 17 regularly know the dangers of the santa cruz mountains. Last wint, just misses a slide. Barely missed it. If i running late for work, on time, probably would have been hit. Our own abc7 news photographer was hit by mud slide earlier this year on 17. Construction worker died coulding repair work on that slide. Area is holding up. Cal tran says theyve stabilized hillside. Watching problem areas but can be unpredictable. Depends onnen rain and wind. Weve had earthquakes lately to so always in back of our mind. Hoping it stays calm this year. Cal trans crews were moving from location to
Before giving way to sunny weekend. Im dan ashley. Im kristen sze in for ama daetz. Entire bay area soak bid storm, started out as strong three on impact scale. Live Team Coverage from north, east and south bay, but first sandhya patel in for spencer today with the forecast. This storm delivered. Live doppler 7, its winding down as you mentioned. Seeing light showers, scattered around the bay area. Start with the south bay from san martin to morgan hill to ed ed edenvalley, heading into the east bay. Pleasanton to livermore, slippery roadways. And showers towards the delta. In terms of rainfall, 1 1 2 inches in San Francisco. Oakland just over. Livermore over an inch, concord almost two. Winning total, almost five inches in Santa Cruz Mountain in ben lomond. Ill be back. Rain pounded south way. Especially Santa Cruz Mountains. Always a treacherous ride up and down highway 17, hit with mud slides earlier this year. Jean even dla vega is live. Right now, heavy rain stopped, just a light
Angels. The largest was in sonoma county. Reporter this weekend at the wagon wheel saloon in santa rosa, fbi agents swarmed in and began putting people in cuffs. One of 16 fbi busts across the country of the hells angel motorcycle gang. A federal grand jury indicted a total of 12 people. Several from california. Racketeering charges including murder, maiming, Home Invasion robbery, extortion and witness tampering. Reporter 4 of the 11 defendants are wanted if were a july 20 for a july 2014 murder in fresno where a man was lured into their clubhouse and killed. During the bust the fbi seized 10 motorcycles, drug, clothing with blood on it, and more than a dozen weapons. Everything from hand guns to automatic weapons. Reporter one is charged with conspiracy, assault, and witness intimidation. Theyre really strong and tough and big and mean until they have handcuffs on. Reporter jeff harp is a former fbi assistant special agent in charge in San Francisco. He says the hells angels, despite
Angels. The largest was in sonoma county. Reporter this weekend at the wagon wheel saloon in santa rosa, fbi agents swarmed in and began putting people in cuffs. One of 16 fbi busts across the country of the hells angel motorcycle gang. A federal grand jury indicted a total of 12 people. Several from california. Racketeering charges including murder, maiming, Home Invasion robbery, extortion and witness tampering. Reporter 4 of the 11 defendants are wanted if were a july 20 for a july 2014 murder in fresno where a man was lured into their clubhouse and killed. During the bust the fbi seized 10 motorcycles, drug, clothing with blood on it, and more than a dozen weapons. Everything from hand guns to automatic weapons. Reporter one is charged with conspiracy, assault, and witness intimidation. Theyre really strong and tough and big and mean until they have handcuffs on. Reporter jeff harp is a former fbi assistant special agent in charge in San Francisco. He says the hells angels, despite