Points, s p plummeting 2. 28 , nasdaq diving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows one number can be explained away, but two . No. Whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are supposed to go higher, but they arent. Maybe the emerging markets arent strong enough. People are getting nervous that the safe havens are no longer safe. Even with trea
Witness the dow plunging 326 points, s p plummeting 2. 28 , nasdaq nosediving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows that one lousy employment number can be explained away, but two . No. Thats when people talk about a slowdown in the economy, whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are supposed to go higher, but they arent. Maybe the emerging
Right after the open. As for the action in europe, taking its cues from the United States. Well see a big rally in china extending one of its biggest rallies in three years. We have a mixed bag in europe with italy up by about. 2 of 1 . Well do our best to keep focused on the business day. Well be following the tragic shooting in connecticut, of course. The New York Stock Exchange will hold a moment of silence to honor the victims in the next few moments, and well be looking at the president s call for meaningful action and the politics of gun control. Lets get to a road map for this morning. It starts with apple. Under pressure once again. Even dipping below 500 a share at some point this morning. Shares will remain range bound near term. Iphone 5 sales and cannibalization among the region. Other concessions from the gop, the speaker proposing tax hikes for millionaires. Could this be the tipping point. Moving the talks beyond deadlock. A big week for earnings. Yes, earnings. Fedex, r