Im saying for the First Time Since this decline began were beginning to see the necessary ingredients that make a bottom possible. Put simply were at a moment where some of the biggest boxes of my checklist, some growth in china maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remarkable increase in bears. The most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was no it was machine gun. As i said the other night that box has to be checked before we can bottom and after a couple of days like today i have to wonder, boom, it hahn been ch
China maybe, a statement from the fed that it needs to think twice about rate hikes because of the newfound weakness in the economy or a stabilization in oil were to occur then we could have a real oversold rally on our hands of descent proportions. Were the most oversold we have been in ages and the indices about bulls and bears show a remarkable increase in bears. The most since november 2011. I admit theres very little to like about this market but after today you did some amazing you saw some amazing carnage today. And the Fastest Growing techs were slaughtered. Fang got taken out and it was just shot today. No it was machine gun. As i said the other night that box has to be checked before we can bottom and after a couple of days like today i have to wonder, boom, it hahn been checked. That stock had already been down so much. Who would think it would go down again but we can and will go lower from here but its almost impossible to nail the bottom which is why my Charitable Trust c
Session was about, dow declining, nasdaq plunging 1. 34 . Yep, the sellers are worries something negative related to the plummeting price of oil could be lurking something that might clubber us as we dont expect it. From the single session pulmoling. Lets talk about the downside of the oil bust. A bust caused by supply and less than healthy demand because of chinas slowing growth. While we have 34 states that are takers of energy versus 16 states that are makers, we know there are ramifications beyond mere production. Today for example, the rails got slammed, hideous because many investors figure were witnessing the end of the marginal oil being shipped by train trade. No matter the oil represents merely 3 or some ways fracking sand is a bigger ticket. We know the Railroad Stocks are continuing higher sales for oil and they may not materialize. Norfolk southern was off today. Oil companies on use the rails in places where there is no Pipeline Capacity because its much more expensive to
U. S. Airwaysamerican. What other ones are in your mind . This was the year of the big deal. Who could Forget Verizon buying the entire stake. Ack from vodafone that was an enormous deal. It helped deal volume spike up a little bit. At the end of the day, the number of deals we have seen is relatively flat compared to last year. The total number was abysmal, quite dismal for bankers and lawyers on the street. They will have to look ahead to 2014 to see if there are opportunities to bump the number up. A lot of private equity firms are waiting this out, trying to make a big splash in 2014. You mentioned verizon. Most of the big deals were in tack or telecom. That is right. We might see a few more going on. This is a mature industry. There are some big deals we could see going forward. Mobile outu have t there that is still a target. We might see softbank make a run for that. They are the majority owner of sprint, so they will have to consolidate to capitalize on that Business Model. Tha
Doors. Good morning. Stephanie ruhle is on assignment today. Doubt, you are watching the canadian hockey team. You must have had your pompoms out. The newsfeed. The top business stories from around the world. Above its closing record level today to erase all of this years decline. Flying past 1850. 1851 now. Fell six percent before rallying the last three weeks. Activist investor carl icon is icahn is carl blasting the ebay board. He says at least two Board Members are competing. Being accusations, icahn proposing his own board of directors and wants to separate paypal away from ebay. Trish regan will be speaking to carl icahn later today. The battle that keeps on going, mens wearhouse we think its offer for juice of a bank. They rose their offer 10 to 1. 8 billion, and could go. Igher it is a battle that began in october when joseph a bank offered to buy mens wearhouse. Out in silicon valley, the word is going on with the markets, it is time to cash in and go public. Ipo to considerin