Dierdre stocks extending last weeks gains and investors slug shrug off overseas problems. Charlie gasparino tweeting like a madman. Fresh from vacation your fold chains are back. Dan, do we believe in the rally . What do you think . No, i dont believe in this. Certain stocks are moving up and Broader Market is flattening out. It is clear theyre trying to push it and push it, the tooks in the indexes are ones that are moving. Look at some of mine, i dont want to get too technical, all those indicators that show you the internals of the market theyre weakening during this rally. Dierdre melissa what do you think, charlie. I agree 100 . A good friend of mind with an excellent newsletter pointed out to me that the average stock in the s p is down, down bigtime. What you see is the big stocks like apple and some others are powering the entire index because they make up more of the index. For the small investor out there there is two taskaways i think. Buy index r deckses because you have co
Plunged about 3 along with it. Homeownership rate, plunging as well, which is still yet to climb back to levels seen in 2008. Lets bring in todays panel. Fox businesss Charlie Gasparino. Dan schaefer of schaefer asset management. Dominic tavella. Are we better off . We have better gdp numbers. You left that out. Were a growing economy. Melissa so you think were better off than we were . President obama inherited a horrible situation. I mean i covered the financial crisis every day. It was nasty. It definitely sent the country into a great recession. Maybe the stiffest economic downturn since first depression. Melissa so youre on his side . No. Heres why. He actually had a chance to get this country going so many different ways. He had some bipartisan support for tax reform and tax cuts and he blew it. And his whole presidency in my view is one big missed opportunity. Melissa 15 million more people on food stamps than there were. They would say theyre finally reaching people who actuall
Coming. People will be surprised. People will be shocked. A lot having to do with obamacare. Ancillary tax, limit on certain type of deduction. All will hit you hard april 15th next year. Most people flying under the radar will be in for a rude awakening. Gerri a lot of people, theyre running taxes ahead of time trying to figure out what the bite is going to be, before the end of the year, before with you know what youre facing. What were hearing more and more people will pay 50 of their income, or more in taxes. That means 1 out of every 2 to the taxman. When you start adding new york, a high tax state, it can easily get into that kind oo range. The key you have a couple weeks left. A couple moves can pay for holiday presents. If nothing, maybe a vacation. Take a little time out of your schedule and focus in on some of this stuff. Gerri start with income. You say you want to reduce income on 2013 schedule. Like normal people you set your four owe one confident, 403 b, 3 of my income,
Coming. People will be surprised. People will be shocked. A lot having to do with obamacare. Ancillary tax, limit on certain type of deduction. All will hit you hard april 15th next year. Most people flying under the radar will be in for a rude awakening. Gerri a lot of people, theyre running taxes ahead of time trying to figure out what the bite is going to be, before the end of the year, before with you know what youre facing. What were hearing more and more people will pay 50 of their income, or more in taxes. That means 1 out of every 2 to the taxman. When you start adding new york, a high tax state, it can easily get into that kind oo range. The key you have a couple weeks left. A couple moves can pay for holiday presents. If nothing, maybe a vacation. Take a little time out of your schedule and focus in on some of this stuff gerri start with income. You say you want to reduce income on 2013 schedule. Like normal people you set your four owe one confident, 403 b, 3 of my income, 6
Career women. Buckle up for that one. Meet a preteen heartthrob who built a career, singing on youtube. 11yearold mattieb, on secrets tt his big money youtube success. How you can make it big and make that money too. Even when they say its not. It is always about money. Melissa drown goes the activist investor. Starboard reeling from the selling red lobster for 2 billion bucks. The deal they say is woefully undervalues the seafood chain. We have James Freeman from the wall street journal. Fox news contributor Jonas Max Farris and dan schaefer, from schaefer asset management. Dan, i will start with you. What do you think about this one . I think its a great deal. They had a lot of debt they needed to get rid of. This is a bad penny in their arsenal. They have to cut it out. This is great idea. Shareholders are fighting this. Management i think made a very smart decision here. Melissa you dont think it woefully undervalues the property, jeffrey smith, ceo of starboard says . No. It hasnt