Decide what kind we are dealing with i wish we could say we always know how to respond but the early days of the decline, well, theyre never easy to navigate first, lets borrow a line from the fabulous Anna Karenina all happy rallies are alike. Each sell off is unhappy in its own way. Its so true bull market sent stocks higher and everyone thinks theyre a genius for participating in them big declines much harder they would be the start of a bear market or a glinch. Thats why i want to use history to try to identify some of the common qualities so you can figure out how to handle the inevitable moments of weakness without panicking. First let me offer some historically constructive words of relief, sanity and real, not phony, but real assurance. Theres only been two truly horrendous sell offs since i started investing in 1979. The one day crash of 1987 and the rolling crash of 20072009 i could have down the nasdaq crash but the s p held up well lets deal with these two big ones head on
Stocks of companies with obviously great fundamentals but a Battle Ground with fire. And madness. Count me out too much effort. Sometimes though you have to take a stand and in a market like this one where the bullish animal spirits can bowl anybody over. Including today the dow inched up 30 points s p advanced and then some battlegrounds, even for me, too tempting to ignore thats why i have been taking a stand with tesla i might have gone back and forth, two of the biggest hornets nests of our time what separates the tesla a battleground stock that i feel compelled to champion from the netflix which i lost conviction in championing it for years at lower levels okay, all my career i have been fascinated by companies with vociferous bulls and ferocious bears if only because theyre so entertainling. Three things distinguished the stocks from regular run of the mill equities. First, theyre cult like the house of pleasure. People buy them because they love the product and the product trans
Degree murder and carjacking tonight. The question is are these incidents as rare as bart is trying to portray them and what is the solution. We have the answers from the general manager of bart. Reporter the fact that yesterdays stabbing occurrd at around 1 00 in the afternoon is troubling enough, but when you dig deeper, you discover there have been other troubling incidents on bart. In a week in july 2018, three people died. After one murder the chief was quoted as saying this is really an anomoly. The current chief seems to come up with the same conclusion regarding yesterdays stabbing. This is tragic and its rare. Reporter today there are more cameras on bart trains because following the 2016 shooting death of a 19yearold man it was revealed that 70 of the cameras on bart trains were fake. Thats why there are only two videos taken of the alleged suspect who has yet to be found. These cameras are supposed to offer people a sense of security, except when you read signs like this one
Dagen joining the conversation dierdre bolton, former economic adviser to president obama, robert wolf is here. And president ial candidate steve forbes. Great to be here. Maria optimism pushing futures higher, markets up 152 point, s p up 14 and nasdaq up 44, unchartered territory as china and the United States agree to roll back tariffs as part of phase 1 trade deal, two sides to eyeing the december signing with various venues being discussed including london, perhaps President Trump and xx jinping could meet there after next months nato summit. Interesting development, the fato summit, apec summit we expected the signage which was november 17th. We also have British Election at the time, who is going to be the Prime Minister presiding at this wonderful signing, but this gets to something that weve known for a year and a half, maria, that is get the trade worries out of the way, get the trade scrimmages knocked down, you will see the market react and you will see the economy react in
There are some things moving including the likes of nike which received an upgrade. Weaker by 2 10 of 1 . Reports, well the will see how that plays out. Is weaker byira almost 1 . We will talk details in a few minutes. There was a deal. The active investors here. They have agreed to sell their Management Services business to some private equity investors. European markets, european stocks are down by half of 1 . The pound is also down. We had a massive rally on friday. The turkish index, the stock market, down by 5 . What istalk more about happening with turkey and syria later. Lets get to the main story. China, once more talks have fallen citing the president s phase one deal. Steven mnuchin says more talks and negotiations are on the calendar. We are joined by George Saravelos, Deutsche Banks global head of fx research. I real risk rally. We saw the brexit story and the trade story, both are faltering this morning. Lets talk about the trade story. There is confusion as to whether or