Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s
Rallied 293 points. The nasdaq 46, and the s p 30. Gold dropped 13 dollars oil was up small change. Oracle surprised wall street by topping earnings expectations. The stock traded around 35 dollars after the close. And a 2 year compromise budget deal has been passed by congress and will be signed by president obama. There was even a consession on military penesions. Daniel stecich of athena Advisor Services joins us now. Daniel, a terrific relief rally yesterday. The market clearly feels better. Do traders feel better now that they know that tapering is going to happen . Thats right. And i think the market likes certainty. What was a surprise was when i was speaking to people yesterday about this, i thought the market might fall off a bit if there were a taper and it did. 60 seconds later it was up 12 points and then by the end of the day we were up 30. But the market does like certainty, the fed gave a little more direct statement as to what they do. No tightening until the Unemployme
Is Alan Knuckman of trading advantage, one of our traders who noted it would be a big year for stocks. Alan, what was behind the big move . It was just a great year. For those that didnt fight the market i made a contrarian call last december when everybody was really negative just from the fact that everybody was overloaded in one direction. The market obviously goes the other way a lot of times and it was a great big year for a lot of bull participants. You also made some calls on individual stocks, starting with facebook. This was a stock that was basically left for dead. People were not loving this stock but you liked it. I really liked it from a riskreward standpoint. Thats how you have to look at the market. You have to look at itif you buy it what are you risking it to and what is the upside potential of that play . So facebook had been cut in half so there was limited risk on the downside. It wasnt going to go out of business in my estimation. We saw a big resurgence and also s
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Deaths in Limerick: Monday, February 8, 2021
Reporter:
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The death has occurred of Louise Tucker, School House Lane, off St. Joseph s Street, Limerick City.
Louise, passed away suddenly. Recently predeceased by her mother Elizabeth and her brothers Andrew and Gary.
Sadly missed by her father Frank, brothers Bobby and Frank, sisters Dolores, Sharon, Caroline and Tanya, her extended family and friends.
May She Rest in Peace
Requiem Mass, for family and close friends, will take place on Tuesday (February 9th) at 12.00pm in St. Saviour s Dominican Church, Glentworth Street, with funeral afterwards to Castlemungret Cemetery, Mungret.
Please follow Government guidelines with regards to public gatherings and social distancing.