As we saw volatile day for oil, bill, as well. One of the days where bad news was bad news. You could have argued once an upon you could have said bad news would mean that the fed would delay raising Interest Rates and the market rally on that. That didnt happen today. And you wonder if thats the kind of action we will see going into 2015 here if suddenly now bad news is bad news and vice versa. Volatility bill seems to be here to stay. Yes, maam. It is. Well talk about that. The volatility index is moving up as well today. Theres the dow up 120 as kayla was mentioning. Down about 99 points at the apex of the day. The low of the day. Now down 30 into the final hour of trading and the volatility index. Made a liar out of me. Down to 1831 and rather elevated level when you consider the rest of the market has been doing. S p down 5 points today to start the new year. And the nasdaq down 17 at 4719. Before we sta start our panel discussion, we want to hear from you at home. Log on the to c
[ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. Thats how copper stock like freeport or hefry machinery can rally. Those arent fiscal cliff stories. What are . What are fiscal cliff stories . How about the Home Improvement place . We can sit here and say that lowes rallied today because of reported better than expected quarter this morning. You can argue that Hurricane Sandy to augment earnings for the next year as were beginning to rebuild the coast. Many of the hardest hit areas arent even accessible to contractors let alone homeowners. However, i think that retail is the biggest winner if we hammer out a phased in group of spending cuts and tax increases. And the retailers that cater to
The dow surging, s p climbing, nasdaq surging. [ applause ] any time you try to analyze winners, you have to eliminate the stocks that move because of other exogenous events. Oil and gas stocks had gigantic moves because of the turmoil in the middle east. So Many Companies can benefit from the increase in the worldwide price of oil. Second, were seeing the china plays move up. Its become quite obvious. A hard landing will be avoided. Thats how copper stock like freeport or hefry machinery can rally. Those arent fiscal cliff stories. What are . What are fiscal cliff stories . How about the Home Improvement plays . We can sit here and say that lowes rallied today because of reported better than expected quarter this morning. You can argue that Hurricane Sandy could augment earnings for the next year as were beginning to rebuild the jersey coast. Many of the hardest hit areas arent even accessible to contractors let alone homeowners. However, i think that retail is the biggest winner if w
Get ready for the testimony of janet yellen, her first testimony to Congress Tomorrow before the House Financial Services committee. So were in sort of a wait and see mode today. Certainly are. Meanwhile, what a mess over at aol. The ceo now apologizing for citing the cost of providing insurance for, quote, distressed babies and plan to match 401 k payments only at the end of the year. Who should the ceo be looking out for first, his workers or shareholders . Well make the payments at the end of the year or no. That was easy. Also, that report that obamacare is going to cost the equivalent of over 2 million fulltime jobs. That just continues to rattle washington right now. It was a big focus of the sunday morning talk showinp morning talk showins morning talk showinhows, and no Tommy Thompson will be here exclusively. Hes ringing the closing bell for his organization tooteday. Hes got some views coming up. We know were going to hear a little bit more about it perhaps from the gop in ju
MFS High Yield Municipal Trust (NYSE:CMU – Get Free Report) declared a monthly dividend on Monday, June 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, June 18th will be paid a dividend of 0.0135 per share on Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a yield of […]