Breakout in two groups of stocks this year. Just like the karate kid they are the best around. Big tech and biotech kick off the year qqq up about 9 in 2018. And ibv up about 10 this year when it comes to hunting for growth in a raging bull market what is the best bet, tech or biotech . Dan. On a day like today, when you see netflix, a name that a lot of investors keep a close eye on as they think about tech, up at new all time highs, up 10 google has gone berserk before they reported earnings one sector thats more interesting could be biotech we have been talking about two big deals that weve seen already. When i think about the ibb it made 52 week highs but its down 10 from its 2015 all time highs. Sell gene, boyio yen and gilead are still off considerably from those high they have been aquarsor are going to be acquires if we are going to continue to make new highs in the market the ibb looks to be a decent bet to get back to those prior highs. If you look at the chart the last year
We have followed that policy. And we never said that it was a target, which we would i understand that. I appreciate the kauvcaveats. Youre very good at caveats, i appreciate that. That brings me to my second point. A full six and a half years after the recovery, as you acknowledged there is slack in the labor market and there are significant weaknesses in the labor market, in the overall economy. In fact, a recent investors business daily article said the over all group has been 13. 3 . Thats less than half the average growth rate in the previous ten recoveries since waurld world war 2. If it had been average, gdp would by had 1. 9 trillion larger today. You recognized this in your report saying the measure of labor under utilization remains relative. That would explain why youve invoked that caveat and havent raised the rates even though you came below that 6. 5 . I understand the analysis. Lets talk about the cause of that underlying weakness. Its clearly not Monetary Policy from th
Be militarily defeated without being treated in the homebase and so this fight eventually has to go over the iraqi border not odd. [inaudible] you dont really expect to defeat them . But there are ground forces. [inaudible] we have are the spoken about playing the role and im not suggesting that we have an optimally configured ground force in the region but im equally clear that injecting western boots on the ground would not be the solution. That would not deliver the solution. Try as they may leave lead us on to this. Thank you, mr. Chairman on this point. This analysis is being done with whatever you hope to achieve with airstrikes. And of course we are talking about this in recent years and so what are your plans for this situation . It also remains to be seen as far as a political transition in the regime to a government which has legitimately. [inaudible] at the outcome that we see is not going to be it easy to deliver and we recognize that. In the meantime it is easy to challeng
Specifically blamed mcconnell for his push not being successful. The truth is if the majority leader hadnt opposed us we could have insisted that iran recognizes israels right to exist and released its hostages before any sanctions are lifted. He told reporters. More now on whats in store for the senate from a capitol hill reporter. Good morning to you. Good morning. Explain this criticism and where it came from . Has this been long simmering between senator ted cruz and the Majority Leader Mitch Mcconnell . Yes, to answer you briefly. Cruz is running a campaign that is essentially running against republicans in washington and trying to showcase himself as the conservative leading the charge against what he considers the washington cartel. They have been fighting over strategy ranging over the budget conference in 2013. The Government Shutdown in 2014. There was a fight over immigration at the end of last year. We have numerous tactical battles. This is the latest example of that. They
Second straight month with another easing move. Welcome back, everybody. One hour of the good stuff today. Plenty to get through today for Hurricane Sandy, as well. Europe went off daylight savings time a week ahead of the u. S. Back to full schedule next week. In the meantime, sandy is no longer a hurricane by name, but still making a major impact. Storm made landfall monday night along new jersey east koer. Still packing Hurricane Force sandy is expected to weaken, but the rain could linger. Already at least ten deaths have been blamed on the storm. U. S. Markets will be closed for a second day today. Still electronic trading. The last time by the way the New York Stock Exchange was closed for more than a day because of weather, 1888. When a snowstorm piled up to 40foot drifts. U. S. Refineries had to shut nearly all the east coast fuel supplies ahead of sandy and theyll begin assessing damage today. Three of the key six refineries shut down. Analysts estimate sandy could cost betwee