reason why we rallied so hard today hallelujah the dow roaring 156 points s&p gaining, it s back to even. nasdaq advancing. i ve got to explain this one. i ve got to. this move probably makes no sense whatsoever to anyone who doesn t understand stock rho tease, short squeezes and the concept of underownership of a given sector. let me set the stage. this morning shortly after 6:00 a.m., dow stock caterpillar, the giant machinery company, dramatically slashed its earnings, the guidance that it had for the first quarter. wall street was looking for cat to earn 95 cents. in the totally unnerving announce me announcement is the company said it could only muster 65 to 70 cents that s right, energy, transportation resource orders nose diving is the reason. it was an unmitigated disaster. the news immediately sent the stock, which had been red-hot as of late down two bucks in early morning trading before the bell had rung. it was such a powerful slap in the face that the entir
events, either individually, of historic importance. but together a pair of epic battles. first, president obama wasting no time nominating merrick garland for the supreme court. a centrist described by one expert as right out of central casting for confirmability and qualifications. just listen to what he s been involved in. top terror cases like the 1996 atlanta olympics bombing. where he supervised the investigation. he was a prosecutor for the oklahoma city bombing. and unibomber, ted kazinski. this is a strategic nomination for the president. designed to call the bluff of senate republicans. many of whom have said they won t consider any choice. i simply ask republicans in the senate to give him a fair hearing. then an up or down vote. if you don t, then it is not only an be a vocation for duty. . i have done my duty now it is time for senate to do theirs. marco rubio out. both front runners leading competition in the dust. donald trump s four wins, particularly the
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Noteworthy events include DanceAfrica Festival, a documentary on a Holocaust survivor who cornered NYC 's porn movie scene, and a pop-up roller skating rink in Long Island City.