Cant comprehend it. Sometimes youre dazzled by all the ways that this market gives you to make money. Big money. Today was one of those days. Dow climbing 78 points. S p gaining 0. 4 . Let me tell you how that money was made and then more importantly, plain the take aways from each win. Because i need you to understand that the gains in this market have been extraordinary. Why is that . Simple. Its because managements will not let up about their stocks being too cheap. They hate it and they keep doing something about it. Meanwhile, other companies are now coming in to buy the stocks of still other companies that they think the stock market isnt paying enough for and are worth a great deal more to an acquirer. And still other companies have so much growth that their stocks cant seem to do anything but go higher. House of pleasure. Lets start with everyones what everyone is buzzing about. The 85 hostile bid for time warner launched today by murdochs company. We all know that the companie
Line, General Mills exceeding expectations. Prime minister netanyahu declaring victory in israels election. Tim cook explains why its okay that you dont flowknow yet why you need his watch as apple gets set to join the dow after the bell today. Investors bracing for the fed statement. See theyll drop the word patient. Janet yellen will hold a News Conference. Well have complete coverage of the fed decision beginning at 2 00 p. M. Eastern here on cnbc. Its being called the end of an era, end of the zerp era and end of an era that promises low rates for a given period of time. The word patience. The reason its important, if she does remove it it gives her flexibility to lay the groundwork for Interest Rate increase as if it werent a high stakes fed meeting, how about the letter from ray dalio, major Macro Hedge Fund strategist, talking about risks here. To be clear, we dont know nor does the fed know how much tightening will knock over the apple cart. What we do hope the fed knows, which
Points, s p declining 1. 13 and nasdaq sinking 1. 4 . Isnt that outrageous . I thought this was only supposed to be an up year, for heavens sake. Look out. Weve got a new type of investor in town. The selfish ungrateful shortterm player who feels entitled to the point of absurdity. How do i know this . Pretty simple. I go on twitter jimcramer and read about people attacking me for recommending a stock thats dropped a point and a half. A 2 decline to these newbies is a plummet. A 3 drop is disastrous. A 4 decline, who knows . They might not even live to tweet about it. Now, at the risk of calling myself a pro, something im entitled to do, i think, because ive managed money professionally for more than three decades, let me tell you how you need to view these kinds of, yes, painful declines. First, im going to make you a fly on the wall for a series of conversations both online and then at the office with the coportfolio manager of my Charitable Trust cnbc contributor stephanie link on t
I have no problem with it. Even as it certainly isnt my style to radically overpay, which is why im not going to sweat how the ipo of the year, twitter, traded today. In an otherwise soggy session. Dow gave up 115 points. S p drop 1. 32 . Nasdaq declined 1. 9 . You most likely all know, the Company People thought would open at 22 a share a few weeks ago, which actually opened at 45 and change today. You watched the saga today with a jaundiced eye, as i did. I thought it was imperative to put the companys stock within the valuation confines of the other industry in industry, social mobile and cloud space. As someone schooled in relative evaluation, meaning how does twitter fit in with the rest of the cohort even if the cohort has scarcity value, i arrived at a 28 price in the cool of the night that i felt wasnt prudent to go above. Because thats what the universe of facebook, yelp, linkedin and other social, mobile, cloud plays yielded as being reasonable. I reiterate buying the stock u
Same time period. And one of the best performing sectors under the president has been technology. Second only to consumer discretionaries. The tech sector up more than 100 over the past four years. And 13 days of trading into 2013, the tech sector continuing its gains of just under 2 and this week is a big week for tech earnings, everyone. Coming up, we will break down the most important things you need to know about the big reports. And are you better off than you were four years ago . Well, at least your 401 k might be. How do you make sure that your portfolio has returns . Like all of this, we have a guy that can help you. The multistrategy income fund is outperforming 99 of its peers. It is up 24 year over year. Angel oak cofounder and chief Investment Officer will be joining me during this hour to tell you why he is going big on real estate. Plus, weve seen the beginnings of a rebound in the housing recovery, but is washingtons best investment the white house . All right, im going