Continued selling, similar to the kind weve seen pretty much all month. The first week of january the dow index fell more than 6 . The second, it lost another 2 . This week a reversal. The dow rose just under 1 . That weekly gain helped by a lot of buying today. By the close the blue chip index gained 210 points to 16,093. The nasdaq added 119 points, more than 2 1 2 . And the s p 500 tacked on 37. Theres still one week left in this month, and though stocks are still sharply lower for january overall that doesnt necessarily mean the rest of the year will be down as well. Bob pisani tells us the opposite is usually true. Reporter its an ugly start to the year, but theres hope. Theres been ugly januarys before that have not turned into fullyear disasters. So far january 2015 is among the top worst januarys ever, rivaling down januarys in 2009, 1970, 60, and 1990. However, those other lousy januarys did not end the year the same way, according to our partners over at kensho. In 2009 when
Continued selling, similar to the kind weve seen pretty much all month. The first week of january the dow index fell more than 6 . The second, it lost another 2 . This week a reversal. The dow rose just under 1 . That weekly gain helped by a lot of buying today. By the close the blue chip index gained 210 points to 16,093. The nasdaq added 119 points, more than 2 1 2 . And the s p 500 tacked on 37. Theres still one week left in this month, and though stocks are still sharply lower for january overall that doesnt necessarily mean the rest of the year will be down as well. Bob pisani tells us the opposite is usually true. Reporter its an ugly start to the year, but theres hope. Theres been ugly januarys before that have not turned into fullyear disasters. So far january 2015 is among the top worst januarys ever, rivaling down januarys in 2009, 1970, 60, and 1990. However, those other lousy januarys did not end the year the same way, according to our partners over at kensho. In 2009 when
Continued selling, similar to the kind weve seen pretty much all month. The first week of january the dow index fell more than 6 . The second, it lost another 2 . This week a reversal. The dow rose just under 1 . That weekly gain helped by a lot of buying today. By the close the blue chip index gained 210 points to 16,093. The nasdaq added 119 points, more than 2 1 2 . And the s p 500 tacked on 37. Theres still one week left in this month, and though stocks are still sharply lower for january overall that doesnt necessarily mean the rest of the year will be down as well. Bob pisani tells us the opposite is usually true. Reporter its an ugly start to the year, but theres hope. Theres been ugly januarys before that have not turned into fullyear disasters. So far january 2015 is among the top worst januarys ever, rivaling down januarys in 2009, 1970, 60, and 1990. However, those other lousy januarys did not end the year the same way, according to our partners over at kensho. In 2009 when
1. 02 and the nasdaq plunged 1. 14 , i think being old is a very good thing. Whats so great about being old . Simple, i remember things. Things that can be valuable to all of you, because ive lived and traded through them. Right now, of course, were in the midst of earnings season. The news is coming fast and furious. Boeing missed the forecast, is the honeymoon at yahoo finished in the wake of the not so hot quarter and the slowdown . In a normal day, we pick them apart, questioning whether facebooks quarter was as good as it looks. I think it is. These are not normal times. Other forces are at work. Forces that are not necessarily bigger than individual companies that make up our stock market can still trump them shortterm. Lets set the tableau you and me. Nothing to do with the Earnings Report, which like every other day have been good with only a few real stinkers. Typically on the guidance, too, not the quarters themselves. The weakness is from emerging markets and their likely im
Deal. We hear intransigence as we go over the weekend and go lower. S p back, nasdaq up 0. 98 . How the heck do you immunize against this washingtoninspired lunacy . one way to vaccinate your portfolio is to focus on dividends. Lets puzzle through this first, though. I dont believe the government is going to stop paying interest on treasury bonds. I think the administration will prioritize with the pay, if congress doesnt raise the debt ceiling. Remember, i said if, not when. So it might not be as catastrophic as you expect, but its pretty cataclysmic. I think theyre to buy all the debt thats for sale in the event of a technical default. The fed could make a killing on this debt. It doesnt care about the yield being in jeopardy, like everybody else does. There comes a time when the government either issues debt or default. That has to happen. But im not hearing its going to happen until the end of the month, and that is a long way away. All deadlines seem to be fungible. The seeming la