Euphoria and in disappointment. And the child is creating monster swings like ive never seen before. The cramer covid19 index on the news the astrazeneca vaccine, the trial didnt produce something that would save us immediate immediately. The stock got hammered and the stocks that benefit from the pandemic surged. The dow advanced nine points and the s p gained 4 but the tech heavy nasdaq filled with cramer c covid names. Amazon went up tesla up 142 shopfy 81. Yeah, i didnt make up thats real thats real money. Or it can be in an x fund. Childish buying behavior but that doesnt mean its wrong there is a lot of money put to work every day based on coronavirus and that made the action binary and the vaccines take so long so it doesnt go by at home stock, go buy amazon like everybody else. What happened today . Consider the news about the as t as tra seven astrazeneca vaccine. Safety phase one it created a positive immune response meriting further study. These larger trials are happening n
According to this market with the dow gaining 23 points, s p advancing. 09 , the answer is it can be fun and it can be rewarding as long as you know what you own now i realize im going to get a ton of push back and fun and invest not supposed to be fun. Were told fun is classic sign of a top people are giddy in buying everything that moves, it means that the market is peaking. The house of pain. Its absolutely true. I dont think were there yet. Now not everything is moving you need to be selective with the stock. Not like this isis euphoria. Remember this whole run started with j. Powell indicated hes monitoring the economy and will cut Interest Rates if he needs to so if he comes out this week and says the consumers economy strong and therefore we dont need a rate cut, yeah, sure. That could be troubling. Were told that trump can crush us its happened before its less and less likely to rock the stock boat given the ugly polling were told evaluations have gotten insane,however, thats o
Where are the drinks . Im ready. Welcome to power lunch, im michelle carusocabrera. You can see the dow is lower by 91 points and the nasdaq is managing in positive territory, Goldman Sachs and United Health are weighing on the dow following their ownerings and those two stocks are responsible for more than 50 point in th dows near tripledigit decline. On the flipside, as i mentioned, netflix is up more than 10 ity hitting alltime highs on the back of their results. Harley davidson is tanking 10 motorcycle maker says demand is slowing from the baby boomer Customer Base and well talk more about that ahead and chipotle is down more than 5 . A chain shutting a restaurant in sterling, virginia, after customers got severely sick after eating there that stock down 22 in two months and well speak to one analyst who unlucky for him, just upgraded the stock based on queso. Qu is eso. Cheese. The Gop Health Care bill is dead and now so is the republican plan for a straight Obamacare Repeal and P
Markets. The market closing at another high. A move thats got everyone scratching their head. Earliee today, howard hudnick, brought up what could be the reason why. Its a riskon world. If im going to retire some day, ive got to make some money, what am i going to buy. Im going to buy stocks. And he might be on to something. In fact, take a look at this chart, courtesy of bank of america. The number of people over the age of 65 is growing. And growing fast. Thats the orange line there. Could it be that in a world with no yield, there is no alternative to stocks. Brian kelly, the biggest bear listen, thats my biggest fear. Everybodys worried about the market falling apart. My fear is we get some kind of a meltup. It looks like were starting to have that. That chart that we just showed there of people getting older, to me that ultimately is the biggest bearish case for the markets. Ultimately the people are going to retire, start drawing that income. But between here and there, maybe tha
Dow dipped 46 points. S p declined. 22 . This market can only focus on one bullish idea at a time. And it just feeds Everything Else to the hungry bears. Today the market decided that oil is going to the moon, because it did show a huge draw down. Actually, to be fair to the oil traders, it took crude up nearly 2, a reduction of 4. 5 million barrels. Its the second biggest in history. This reduction is amazing. No one saw it coming. Weve heard over and over and over again that theres way too much oil, so theres a gigantic fwru glut. Every now and then, some combination of countries had decided that oils fallen enough. You hear chatter about an emergency opec meeting or two Oil Ministers getting together over a cup of coffee, and it takes it from the low 40s to the high 40s. Before a new flood of american oil hits the market. Those past rallies were all big con jobs. But Oil Inventories are not a con job. This number tells us that the reports that theres no more room to store oil may be