Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
Good morning on bloomberg radio. Good morning on bloomberg television. It is extraordinary to be the beginning on global wall street of the holiday season, and i can never i can never think, even the tragedy of 9 11, i cant imagine how much of a tragedy this holiday will be with the pandemic. Jonathan the numbers are terrible. We talked about it an hour ago. We started this month with daily infections in and around 80,000. That has doubled in 11 days. If Health Care Capacity gets tested, they will start to introduce more restrictions. Heres the critical issue. Who is going to step in . Where the fiscal policy maker . Bridgewaterf says we have a mismatch between the length of the pandemic and the willingness of fiscal policy makers to do something in equal length. Tom it has widened out, without question. What is so important here is to gauge the pandemic, and we are all doing that on a local basis. You and i, we hear more sirenss again in new york city, and we are all dealing with the
It would be fantastic if i could go by an invisible c130, but the reality is that an invisible c130 is beyond the means i have available. I have to figure out what to do with the c130s i have got. If i can find out a way to make it invisible at a critical moment in time, perhaps that is sufficient. Maybe i just need to create the perception of invisibility at a particular moment in time. How do we use what we have in novel and creative ways that are relevant to that future operating environment rather than sitting around and thinking big thoughts about teleportation machines and invisibility cloaks . Which is what we normally do. I think sometimes we get infatuated with the technology, and we need to spend less time thinking about the technology and more time thinking about innovative concepts for the technology we have. Seth if you figure out his solution to the invisibility cloak, let me know. My kids would be interested. Lt. Gen. Slife we are well on our way. I will keep you posted.
Tossup. W a ladies and gentlemen, please welcome the 45th president of the United States, donald j. Trump. Say time we stand and m proud to be an american free. At least i know i am and i wont forget that men who died who gave that right to me stand up nextdly to you and to defend her still today. There aint no doubt i love this land god bless the usa and im proud to be an american freere at least i know im and i want to forget the men who died who gave that right to me. And i gladly stand up next to you and defend her still today there aint no doubt i love this land usa less the thank you very much. Wow. This is a very big crowd. Look at this. Hello, north carolina. [applause] pres. Trump two days from now we are going to win this great state just like we did last time. [applause] pres. Trump we will cut protect our second amendment, defend religious liberty and make sure more products are stocked with that beautiful phrase made in the usa. Next year will be the greatest history ofar