Barrel yet again. It is a multimonth low, down another bit. And certainly today while its up 1. 5 , the question is what is the selling point of the Iran Nuclear Deal beyond low oil . Because iran will flood the market with oil it has on its land. The Obama Administration on the Charm Offensive this hour trying to work on other points here to sell. The president expected to make his Iran Nuclear Deal pitch to major American Jewish Community Leaders in less than 90 minutes. This after israeli Prime Minister Benjamin Netanyahu made his case against the deal to the same group. Wrapping up a questionandanswer session just over an hour ago. Now, secretary of state john kerry making his case on iran to americas gulf arab allies yesterday. He actually got an endorsement from the nations of the gulf cooperation council. Kerry forging ahead today on his international tour, pushing this deal, visiting singapore, depressed asian nations on support for the president s free trade deal as well. Nego
China is now falling back on its major levers to stem their biggest decline since 1996. The shanghai comp positive dropped 7 overnight before policy moves took place. They came in after hours. The besthat some of minds have been saying about china. I tell people be cautious because i dont think china can come up that easily with a solution overnight. Complicated situation and Financial Markets is not the first thing on the radar screen. Thats why this market is trying to find its own level and its clearing at a much lower level than most people have expected. I think the market is very oversold. Over 1200 new lows, 12 month lows on the new york Stock Exchange. Usually, this occurs at the end of a bear market. This has occurred at the beginning. This is a signal that something is very wrong. Dont get excited, take a few days off, wait for the market to stabilize and then come in. Dont be afraid to buy when everyone else is selling. Dont do it in a rush, take your time. Julie hyman is wi
Start with the markets here, since election day. Youve been doing this a long time, are you surprised whats happened since the election . Not really. The market was severely undervalued, especially the stocks that are out of the top of the index because everybodys index investing now and passive investing, so there is a lot of great 9, 10 Free Cash Flow companies. Trump comes in, pro business, gets away from the leftist policies that were in prior administrations and so now youre looking to infrastructure spending, youre looking to higher rates to me is bullish, youre going to get spreads in bank to get healthier and basically protaxation, probably trying to get the money back thats overseas, thats a lot of expenses. I think market psychology now, dont forget, psychology keeps stocks cheap sometimes, and the numbers there were. Market is not as cheap as it was a month ago, but theres still value out there. Trish people are so optimistic and there is a chance to do major things in the w
Start with the markets here, since election day. Youve been doing this a long time, are you surprised whats happened since the election . Not really. The market was severely undervalued, especially the stocks that are out of the top of the index because everybodys index investing now and passive investing, so there is a lot of great 9, 10 Free Cash Flow companies. Trump comes in, pro business, gets away from the leftist policies that were in prior administrations and so now youre looking to infrastructure spending, youre looking to higher rates to me is bullish, youre going to get spreads in bank to get healthier and basically protaxation, probably trying to get the money back thats overseas, thats a lot of expenses. I think market psychology now, dont forget, psychology keeps stocks cheap sometimes, and the numbers there were. Market is not as cheap as it was a month ago, but theres still value out there. Trish people are so optimistic and there is a chance to do major things in the w
Start with the markets here, since election day. Youve been doing this a long time, are you surprised whats happened since the election . Not really. The market was severely undervalued, especially the stocks that are out of the top of the index because everybodys index investing now and passive investing, so there is a lot of great 9, 10 Free Cash Flow companies. Trump comes in, pro business, gets away from the leftist policies that were in prior administrations and so now youre looking to infrastructure spending, youre looking to higher rates to me is bullish, youre going to get spreads in bank to get healthier and basically protaxation, probably trying to get the money back thats overseas, thats a lot of expenses. I think market psychology now, dont forget, psychology keeps stocks cheap sometimes, and the numbers there were. Market is not as cheap as it was a month ago, but theres still value out there. Trish people are so optimistic and there is a chance to do major things in the w