Falling 0. 33 . Nasdaq advancing 2. 61 . But still, quite a contrast to yesterdays very strong performance. Why cant we put together a winning streak . Why cant we go up for more than one day . I think there are a host of reasons why we rarely have backtoback up days anymore. And the reasons are all endemic to 2015. And theyre worth going over tonight. Because i dont know about you, but i find this market maddening first, we know the estimates from Many Companies are just plain too high. It has been such a long time since that was the case. Many years in fact. And we dont seem to be ready for it. Case in point is intel. Last week intel came out and said business was weak in part because of its personal computer sales, and also because of the strong dollar. Amazingly, on the day of that hideous announcement and it was ugly the house of pain. The stock market as a whole reacted as if intel were some sort of minor, unimportant company, as opposed to the Biggest Semiconductor Company on ea
Undervalue whole groups of stocks in anticipation of good earnings or great news . And thats what ive been pondering all day. A day where the dow roared 228 points. The s p 500 fell to 1. 35 and nasdaq jumped 1. 19 . Now i know that if the dollar had been very strong against the euro and other currencies, plenty of situations bullish today would have gone sour and probably will tomorrow. We only have two up days in a row of the dollar since middle of december. Thats right. The dollar is going up almost impossibly almost every single day and the euro has been strong two days in a row once. So i think this could be a lucky gift. But ive got to tell you. Forget about currency for a second. This failure to analyze positive moves ahead of the action has become endemic. Its astonishing to me given for my almost entire stock trading life, the market has accurately discounted good news beforehand. Not afterwards. And all thats been doing lately is doing it afterwards. Market professionals are
The woman at the center of historic gender discrimination lawsuit ellen powell kept her head down taking notes and shuffling through papers as each of the claims was denied by a San Francisco juror. After the verdict she read prepared statement. 5 helped to level the Playing Field for women and minority in venture capitol then the battle was worth it. Now its time for me to get wac to my career to my family and my friend. Heres how the jury decided on each of powell 4 claims. No. 1 was she not promoted because of gender. No. Was the firm neglect in not protecting her from discrimination. Was she denied promotion because she complained. Was she fired because she complained and filed a lawsuit. All no. It never occurred to me for a second that a careful and attentive jury like this wohl find either discrimination or retaliation. Based on testimony we heard it probably had more to do with her sales ability and her ability to get along with people. Her personality. The decision against pow
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