U. S. Market, especially the nonblue chips will work its way higher perhaps by 20 to 30 in the next year or more likely over two years with the rest of the world including emerging Market Equities covering even more ground in at least a partial catchup. But then he continues, we will have a series of of serious market busts since 1999 and presumably greenspan, bernanke, yellen, et al. Will help happy. And we the people, of course, will get what we deserve. Dow futures down by 11 points. S p futures off by 2. 25 points. It is worth pointing out that we have seen a super strong run since october 9th. Were going to continue to talk about the markets throughout the morning. But first, we heard to some of the mornings top corporate stories. Thanks, beck. I wish we could get someone to look at his recent comments. I cannot remember in recent years him predicting we would get this far. Hes always been pretty concerned, so i dont know. I dont know how to read that. We need someone to look in t
Chief of the Los Angeles Police department to is involved in this from the operations as well, chief charlie beck. Very briefly, i want to commend the men and women and their response in this incident. We have created a unified command with that different agencies involved. We will treat this incidence with the unified command. Many, many details that you were interested in will must be given out at this point. We will thus become of the nature of injuries, the identity of the suspect, the investigation is being handled by the fbi with the cooperation of the Los Angeles Police department. Again, you know, tremendous unified response. I know that this region worries about its airport because of the complex issues involved with various jurisdictions. It was handled very well today. Thank you. Obama one second the reader will next year from fbi special agent in charge, special agent the talk a little bit about the investigation. Very well. David dot pitch, special agent in charge of the f
Firms that might be now in the crosshairs. The stunning market rally continues right now. The scorecard, s p 500 up some 24 yearoveryear. Right to the floor show. The cme group, the nymex and the new york stock exchange. First, we really should talk about whats going on with Nicole Petallides and the transports. Once again we see another record high. Yeah. Its worth taking a look at the transports. When we see a record high on this particular group, the truckers, the shippers, airlines, railroads, they really are a great economic indicator, and youre seeing some of those names moving to the upside and look at the transportation index up about 1 as we noted. Yep, indeed. And chris at the cme, i know you watch those transports, but what does it say when you have everyone frommedrailroads to airlines and Companies Like ups and fedex and the entire market itself which again continues to move up . It really, to me, means a lot of Money Managers are reaching for risk right now. Theyve been o
Will talk more about that in a moment. Another tough overnight session for global losses in tokyo and india. The road map begins with the retailers rallying best buy, home depot, urban, and they all beat handily expectations, but slightly different than penny. Missing expectations, but trading up as the investors conclude that it could have been worse and appears to be better for eli musk and tesla. After the retailer posts better than stronger earnings and mobile phones and appliances were the strong components of the quarter while gaming is weak. This stock is at a 2 1 2year high today, jim. It is up 2x for the year and a lot of discussion about huber joe l jolie, and if they have found the answer to amazon. Well, that is very good and the gaming is the going to be good in the Fourth Quarter and we have new iterations, and i like gme. This is a remarkable turn, and sometimes you have to say remarkable. Some people have gotten it right. Joey has gotten it right, and shows you how poor
Throughout many of the southern states, there are reports that some people have been stuck in their cars since yesterday afternoon. The region not used to, nor prepared for, the kind of snow and ice they got. Students throughout the region stuck at school. They slept on the floor last night in some districts. Why wasnt School Canceled in the first place . A lot of officials down there are going to have some explaining to do. Sue . They sure will. A very frightening situation not only for those kids but im sure for their parents as well. Here down on the floor of the new york stock exchange, they are watching for the fed. The fed decision is one hour away. This is the last meeting for ben bernanke as fed chief. As we count you down to the bulk of this market, its not really in a great mood. As its worst point today, the dow was down 174 points. We have recovered quite a bit of that. We are down about 140 right now. The spike started at about 10 00 a. M. Or so. The biotech index once aga