And ready. I wish i could say that we always know how to respond, but the early days of the decline, well, they are never easy to navigate first, lets borrow a line from the fabulous all happy rallies are alike. Each sell off is happy in its own way. Bull markets send it off higher and most think they are genius for participating. It seems easy. Big declines, much harder because they could be the start of a bear market they could be just the beginning of something unfathomable or might be a glitch. Thats why i want to use history to try to identify some of the common qualities so that you can figure out how to handle these ind moments of weakness without panicking. Let me offer words of relief, sanity and real, not fee knn pht real assurances. There are two truly horn rrendo sell offs, the crash of 1987 and the rolling crash of 2007 to 2009 i could have done the nasdaq crash but the s p held up well lets deal with these two big ones, though, head on. Because these two declines are grea
Away nearly everything weve learned about stocks over the past decade. I keep telling you, this time isnt any different which means you cant take your cue from the playbook that worked in more troubled times wanted to give up on stocks on companies that and never look back but you know what, these days that tendency will lead you astray including on this where the dow slipped four points and the nasdaq gained. 71 old habits are hard to break and the habit of baling on stock after disappointing news is no longer necessarily a money making strategy. In fact i will go as far and say it is a money loser. I am talking about the cut and run, the stock of bank of america. It failed speck tack collarly. And it would indeed crush you but that changed at your President Trump surprise victory. Of course donald trump, our booming economy is part of an expansion happening worldwide. This allows the Federal Reserve to raise interest rates. Well what happened this time around the stock blew through t
Netflix makes a move that has employees and parents cheering and could be a game changer for companies allowing workers unlimited leave for one year to care for a new baby. This is the cbs morning news for wednesday, august 5th, 2015. Good morning. Good to be with you. Im annemarie green. A new and explosive wildfire is threatening to wipe an entire town off the map in washington state. The fastmoving fire is forcing hundreds of families from their homes in roosevelt near the oregon border. The flames raced across grasslands overnight lighting up the sky. Several buildings have been destroyed. Red flag warnings are up throughout the pacific northwest. Parts of washington, oregon, and idaho face sharply higher fire danger because of heavy winds and low humidity. Meanwhile, fire crews are starting to make progress against the massive rocky fire in northern california. Nick jaynes of our sacramento station kovr says the weather is helping. Reporter from an angry smokefilled blackened sky
Employees and parents cheering and could be a game changer for companies allowing workers unlimited leave for one year to care for a new baby. This is the cbs morning news for wednesday, august 5th, 2015. Good morning. Good to be with you. Im annemarie green. A new and explosive wildfire is threatening to wipe an entire town off the map in washington state. The fastmoving fire is forcing hundreds of families from their homes in roosevelt near the oregon border. The flames raced across grasslands overnight lighting up the sky. Several buildings have been destroyed. Red flag warnings are up throughout the pacific northwest. Parts of washington oregon and idaho face sharply higher fire danger because of heavy winds and low humidity. Meanwhile, fire crews are starting to make progress against the massive rocky fire in northern california. Anything jaynes of our sacramento station kovr says the weather is helping. Reporter from an angry smokefilled blackened sky to blue skies, what an incre
Unlimited leave for one year to care for a new baby. This is the cbs morning news for wednesday, august 5th, 2015. Good morning. Good to be with you. Im annemarie green. A new and explosive wildfire is threatening to wipe an entire town off the map in washington state. The fastmoving fire is forcing hundreds of families from their homes in roosevelt near the oregon border. The flames raced across grasslands overnight lighting up the sky. Several buildings have been destroyed. Red flag warnings are up throughout the pacific northwest. Parts of washington, oregon, and idaho face sharply higher fire danger because of heavy winds and low humidity. Meanwhile, fire crews are starting to make progress against the massive rocky fire in northern california. Anything jaynes of our sacramento station kovr says the weather is helping. Reporter from an angry smokefilled blackened sky to blue skies, what an incredible difference one day made. Theres a lot of hope. A lot of hope. Reporter exhausted r