History. Stocks posted their fifth day of gains despite points toward a pick up of inflation. Stocks soarth. Dow jones industrial average advanced 306se points to c back above 25,000. Theasdaq added 112. And s p 500 was up 32. Just as theselloff happen at break neck speed so did theco ry. Mike santelli has a look at whether the bulls are back to stay. Is a five day rally in stocks moving a bit too fast or is this a recovery from t Market Correction . Conventional wall street holds that steep pullbacks usually take weeks or more to recover after an initial bounce. Thendex is slipping back to recent lows after a retest or a base building process. The pattern could unfold in coming weeks but the chance for a quicker rebound toward the late january highs cant be miss dismissed right now. The history says the fasr the drop the quicker it can be recouped. The recent tumble was the fastest from an alltime high in 80 years. There was also theeverse selling of funds on volatility being low. The
You have a big loss at Deutsche Bank. Take a look at this, the first down week to have year. Dow futures falling 227 points. Volatility reintroduced to our markets and we see in the bond Market Investors keeping close eye as we have been on Interest Rates, there we are, above 2. 8. Upset that it quickly went away from us. Lauren we were just talking tag about Deutsche Bank, if you look at dax falling 1. 3 as a result. We do have good news out of Tech Companies, that could be bad news for rivals in asia, samsung, down about 1 . Lauren ugly day for investors and ahead of the super bowl, the preawkward moment talking about his son. You would support if he wanted to run rounds in the nfl. He would never play football. Not going to let him. To minneapolis for super bowl. Fbn am starts right now. Lauren friday second of february, im lauren simonetti. Im Connell Mcshane. Cheryl casone in super bowl. Lauren absolutely, volatility is being reintroduce intoed the market. A couple of interesting
Apple is trading 30, away from reaching a 1 trillion market cap the last close above 22,000 thou walk 16th. Is there a peek optimism around the product cycle or does the stock keep riding this wave of enthusiasm yes hopefully we havent gotten there yet. Were about a year and a half into this preiphone 8 party runup. Usually it ends. Either right after the announcement or about a quarter later. The peaks and then we go down for a couple years until we wait for the next cycle. This is a rager though. Apple is up 54 in the past 12 months i mean, hasnt it gotten a little bit ahead of itself, would you say . Well, you know, i think the really important thing weve got here is that weve had a market environment where every stock has done better than you would have thought weve had good Earnings Growth but the reality is pe multiples have expand add cross the entire stock market and apple interestingly enough with a trailing pe multiple of 18 still looks very attractive, certainly comparison t
Football but i take it way too seriously to go by that fictional rubric tonight after another decent day for the averages, s p fansi fansing. 57 a new alltime high for the nasdaq its time for me to show my reality, not fantasy, but reality stock team in my head last night, while i was busily putting together what could be a championship ski daddy ski team which competes in the mad money slump, i am hoping after being bounced in the semis last year, to go back to my dynamic form i know i have the makings of a strong squad all there on twitter to see. But this is cramerica. Not slump a decka. Even though we all know better to draft in the first round, unless theyre tom brady, we all know that apple is the tom brady of stocks. An ageless, unstoppable force. The rap against apple is its just mobile. Apple is the greatest Consumer Product of alltime, as i look at brady as the greatest quarterback of alltime. Even though tim cook went to auburn while brady was a walk on at michigan, cook is
Barcelona, you are out of luck. Yields moving down by 10 basis point and a softer stock market in spain. Down by 1 led lower by financials. Also watching brent crude up by 1 with the home of barkindo speaking Mohammed Barkindo. They say come join us in a cut, we need you. Jonathan lets head to spain. A moment of truth for catalonia. The president is expected to address lawmakers today. The National Police force is set to be ready to arrest him if he declares independence. Maria tadeo is in barcelona where she has been for the past few weeks. Get us up to speed. Maria two things you need to know. One is that is about to give a press conference. He will address the parliament at 6 00 p. M. , but there will be a press conference at 1 00 p. M. Nothing unusual. There is a story we put on the terminal, our very own scoop saying theres a unit of Spanish Police that will be ready to arrest him if they think it is necessary. That means if we get a declaration of independence. The whole Parliame