Its 3rd week of losses. The nasdaq added 19 and the s p 7 points. Gold gained 25 dollar and oil 1. 24. A Stock Exchange merger may be in the works. Bloomberg news reports bats Global Market and direct Edge Holdings are in talks. Together it would create the Second Largest Exchange behind the new york Stock Exchange. Facebook tops 40. The can do stock closed friday at 40. 55. Good news for ipo investors who are holding on to that stock. And a Dutch Company reports 165thousand people are interested in a trip to mars theres a week left to sign up. We begin this week with charles moon of trading advantage. Happy monday morning to you charles. Good morning. How are you doing . Im doing wonderfully well. Theres a lot of chatter in this market about the possibility of the fed tapering come september. Do you buy into that and what will it mean for the market this week . Honestly i think its very overblown. Its been a lot of media hype. A lot of analysts kind of overextending themselves. Really
the deadly blast at the boston marathon finish line. president obama refered to the tragedy as a senseless loss and responded by calling for stepped up security. i directed the full resources of the federal government and state and local authories to protect our people, increase security around the u.s as necessary and investigate what happened. among yesterday s major market movers, a panic sell-off that started early in the session intensified on the boston blast. the dow fell 266 points, the nasdaq 79, and the s&p 37. but it was the steady, steep declines in commodities that caused concern. gold lost $153 as oil slipped $3.56. who would have thought we would ever be talking about the boston marathon in the market? joining me now is mark sebastian of option pit mentoring. good morning to you. unbelievably, the market did move on that explosion yesterday, mark. - yes it did. it was kind of an ugly day all around. we were already going to be down on what was going on with