I see london, i see france, i see you in your underpants i always hated that diddy when i was a kid but you know what . It perfectly describes todays actions. Sellers caught with their pants down tipping just. 15 . Yep, this morning investors saw london and they saw france, not to mention milan and madrid. Specifically the europeans getting hammered as covid back on the continent they figured wed import those losses from europe so they furiously sold their stocks to get out ahead of the weakness. Many of these jokers probably trading in their pajamas the feet with the dr. Dentons. Panic pretenders here dumped shares at a 10 1 ratio, meaning there were 10 shares for sale or down for every 1 share someone was trying to buy. Now the late, great mark haines, one of cnbcs finest, always used that 10 1 ratio to call bottoms, including the generational bottom that he nailed in march of 2009. When the ratio sellers to buyers is 10 1 hed say you have to hold your nose and buy because that kind
From pfizer and after the aresa zenica coming up, the ceo of caesars will join us exclusively to discuss that partnership and the path forward for vegas plus, shares of Advertising Software Company Trade desk are up more than 50 on the year up more than 200 from the march lows were going to talk to that companys ceo, find out what that move is all about how they managed to outperform and whether the underlying business is looking as strong as the stock. First up though, lets focus on the big stories in this final hour of trade. Mike santoli tracking the Market Action julia is covering new developments in the oracletiktok saga and josh lipton on information on nvidias deal to buy arm holdings start with the come back for tech and the overall market. A pretty broad and strong rally. You have a little psychological boost from that m a. Im not sure it would change anybodys find if you were bullish or bearish coming into the week it is operating under the level where we closed the friday be
Belie [ bleep ]. More of his reaction straight ahead. We start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10 from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say . I think in the near term that it probably is ultimately, i dont think this is the rotation weve all been waiting for. Near term, i do think there is more room to the downside. I think just focusing on the technicals right now is important, because these things clearly arent trading on fundamentals it looks like a lot of these stocks have breached that level. I do think theres more room to go this is what happens when share prices move in this way. Its this gain theory approach where people are buying these stocks because they think other people are biuying these stocks i pointed this out on twitter earlier in the week. Even after
Shares of banks and other financial institutions fell as volatility in global markets picked up, partly because of a rout in Indian stock markets inspired by Prime Minister Narendra Modi s setback.
Modi targets Cong in Ambani-Adani twist hindustantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hindustantimes.com Daily Mail and Mail on Sunday newspapers.