What were the old days like . Let me remind you. First, you come in this morning, europe is down, china is down, yet after an initial kneejerk negative reaction caused by the spillover from the s p 500 futures, the market manages to right itself with the dow ultimately going from bear to bull, gaining 71 points. S p advancing 1. 8 . Nasdaq climbing 1. 16 . How . Because like the old days, the u. S. Is once again the center of the universe. Europe can tighten. It can slow down. It can do whatever it wants, but finally it isnt falling off a cliff. Which is what matters. The bulls definitely want europe strong. And they have the United Kingdom on their side where there may be some tightening needed because the economy is so strong. But what we care, what we really do care about is whether the head honcho at the European Central bank is still in total ben bernanke mode, and he is, because he is trying to make employment thrive. European banks are coming back. And chinas trade with europe s
Strongest storms of ten years. Massive disruptions over there. Our road map begins with the major indices at or shy of new highs as we begin to cross the Halfway Point of earning seasons. It is trading lower in the free market. Earnings beat. Revenue was a bit short. Apple set to report before the bell. A chance to see how the newest iphones are really selling. A clash of titans. Mcdonalds dropping heinz catsup. The s p coming off a record high close for the fifth time. Dow chasing history within 1 of its record closing high on september 18th. Investors will Pay Attention to a bunch of earning numbers. A twoday meeting of federal policy makers concludes on wednesday and the fed is not expected to cut back on the bondbuying program due to the neck tiff economic effects of the 16day Government Shutdown. The day that flow is going to be very heavy this week. No jobs number this friday. All the adps, claims, cpi, housing, heading our way. This is funny. There are still some very important
New jersey, back in 1937 . These are the questions that need to be answered, particularly on a day like today when the dow climbed, s p climbed and nasdaq. People can make informed decisions about a stock market at historic highs that seem like they never want to quit. First lets address the overall market bubble issue. Chief bubble blower ben bernanke is giving away janet yellin at the fed. Many think thats reality. Theres no doubt the federal reserves policy have greatly and positively impacted this bull market. By keeping it straights low thereby eliminating competition, you put a floor under stocks that give you outside yields versus the miserable 0. 8 rate that you get on a fiveyear cd as of today. The fed has turned thiez stocks into bond market equivalents, a huge plus. Capitals are so cheap companies can afford to buy back their stock, much more aggressively than in past cycles which can radically inflate the earnings per share and in some cases put floors under those stocks. E
Market stocks set to open at more record highs this morning as we move closer to the end of the year. The deal is finally done. Apple signing a landmark agreement with china mobile, the Worlds Largest phone carrier. Analysts estimate this could help apple sell as many as 20 million additional iphones in china next year target sales suffering this weekend despite trying to make amends after credit and debit card information was stolen from as many as 40 Million People. Targets apology missed the market. We are joined by Dan Greenhaus. Stocks are taking aim at history. Futures on the ridese. The dow and s p on the way to rise. The s p and nasdaq each turning in their best weekly performances since october. As sarah said, dan, when we first came in this morning, we actually have a lot to talk about. We have echos of gdp on friday, lagarde raising instead of cutting her forecast for the u. S. We are going to see a pileon this week . I couldnt call it a pileon. There is certainly a lot more
Wolverines state set a stage today. Item one, four hours from now, president obama visits a suburb of detroit. In that near bankrupt city asks for a bailout. Will the president oblige. Organizationed labor health. The right to work legislation. The unions hate it. Will the president step in . Detroit voted for him, the unions, mr. Obama is there, what is he going to do . China is here buying part of the bailed out aig, buying 123 Battery Company and buying american mansions. Thats what happens when china has the money and weve spent all of ours. Or losing money can pop up anytime. Thats why she trades with the leader in mobile trading. So shes always ready to take action, no matter how wily. Or weird. Or wonderfully the markets behaving. Which isnt rocket science. It just common sense. From ameritrade. I heard you guys can ship ground for less than the ups store. Thats right. Ive learned the only way to get a holid deal is to camp out. You know weve been open all night. Is this a trick