Cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market woul
It, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We should be facing another 30 drop. Which is exactly what we used to do when the government encouraged opening accounts and people opened five accounts and borrowed money to put in the accounts. Specifically, its a phony we have lost all confidence in the chinese economys ability to run either their stock exchanges or for that matter, their economy. And that loss of faith is translating into genuine fear of some sort of systemic crisis that could hurt worldwide growth. There will be fed officials galore talking up the need for rate hikes later this year given the
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last nighghwith all sorts of bubung, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managegeto come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
Were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roundtriping back to where the bubble started. We
Varney company is about to begin. Stuart check out the big board. I am going to call that dead flat. Apple, cisco, microsoft, costco, Green Mountain. All of them hitting new highs. Look at mcdonald shares. It is up a book at 96. Look at loyola. Gas prices are going to come down some more. Right now, they are Holding Steady. Thirty states are in the 2 club. Thirty of them. More on falling gas prices with gas buddy in about 30 minutes from now. The videos of obamacare. Jonathan gruber coming out of the woodwork. He brings the president into it as well. Listen to this. People say, no, you cannot tax might benefit. How could we make this work . Obama says, he is really a real estate guy. I just cannot do this. How do we manage to get there . Barack obama is not a stupid man. Okay. He knew when he was running for president that the American Public does not care much about the uninsured. They think that they are young and healthy and dont need insured. Stuart that is devastating. He is in th