The only intelligent way to invest that is simply not true. After a roller coaster of a day where the dow dipped 40, nasdaq lost 0. 72 sell, sell, sell. Im going to prove to you ive said this before, ill repeat again, a low cost s p 500 index fund is a great way to get exposure to the greatest wealth of our time, the stock market. The bond market has been giving a pretty good run for the money. If you dont have much capital and trying to save for retirement put that money in an index fund imagine if i came out and said, hi, im jim cramer buy index funds. See you tomorrow i mean i guess i could do that but if i really believed in them and i do i think theres more to it if youve got some mad money, hence the show, to play with, or invest if youre mad at me about saying play, you can better returns as long as youre willing to do the homework plus when you nail a stock pick you get that joyous feeling of winning the lottery and this is rigged in your favor extra incentive rather than spend
Seem like the mket is one step forward and two steps back. There have been bouts of volatility and head scratching moves. Stocks have been on alownd steady climb higher. Today the gains were capped because lfgering concerns about the global economy. The dow and the s p 500 remain just 1 1 2 away from their records. Th Dow Jones Industrial average was 14 points to 26,949. The nasdaq fell five and the s p 500 was flat. Mike santolli takes ali look at whether this market calm will give rise to something else. Steadiness has been the rule on wall street. The s p 5 remains within 2 off its record high. On going trade friction and the fed meeting that was meant to arify paths forward. Marketsre typically seen as well supported by iestors looking ahead to improve fundamental developments. The rally has been broad with investors apparently happyt t the u. S. Econoc committee will the market valuation today is about the same as one year ago which proved to be the 2018 peak ahead of the bruising
And its warm. The clouds holding in the warmth overnight. Right now temps still in the low 80s and humidity above 20 percent. The rain is falling in the desert and staying south of nevada so far. This is the remains of hurricane paine moving north into the mojave desert. South of i15 today but we cant rule out showers later today and this afternoon and evening. Highs holding in the 80s today. Back to you Kirsten Joyce after a crash in North Las Vegas today. A total of five cars were involved. Including a moped. This shut down the intersection of carey and commerce while police investigated. Police tell us a combination of speeding and not obeying traf everyone hurt in the crash is expected to make a full recovery. Kirsten Joyce a plot of land right next to the new Convention Center development is on the market. The parcel of land sits between the peppermill. And what used to be the riviera. The land for sale is approximately 5 and a half acres just a few hundred feet away from the Conv
Dont even bother to ask questions later because theyve gotten things so wrong. This market is littered with those kinds of mistakes, including today. Nasdaq gained. 38 . When i first got into this business there wasnt a rush for reporters to report the consensus estimates created by wall street analysts. These days they see if the sales and earnings are better or worse than expected. Once theyve compared and contrasted, they pull some reason, some folderol from the release, to explain it, then boom, rapid fire posting, dont look back, on to the next company. We see this sort of thing this years. This week, there was four of them that were like this this year. It creates such a rush to judgment with so little time to breathe hthat people end up losing fortunes, trading off these slipshod bulletins that purport to say what really happened in the quarter, like you could really figure it out in 140 characters. Hasbro reported today. The vast majority of these Companies Said it was a good b
Purport to say what really happened in the quarter, like you could really figure it out in 140 characters. Hasbro reported today. The vast majority of these Companies Said it was a good buy. It keeps churning out hit after hit, and it capitalizes off of hit movies. Despite those headlines hasbro opened pretty much unchanged. Shouldnt it have opened big . No, it turns out, because when the Company Conducted its Conference Call, we learned things are not going all that we will at hasbro. At cfo deb thomas told you after flowery discussion, and a quote, owth in preschool categories decline in game and girls categories, end quote. Whats that mean . You keep listen and old franchises like monopoly and other timehonored hits were more than offset by declines in a number of brands like my little pony. Ouch a number of brands . More than offset . Thats real suboptimal language. How weak were the good friends that they could be overwhelmed by the bad ones . Lots of people bought hasbro because