Policies, on some regulatory issues and things like that. I dont think they will get that tonight in the speech, may get mentioned, an overall thing i need to simplify. You cant see past the quarter which is why they have so much cautious. You want to stay long. Ite be getting out of my positions. You can get out but cant always sell them. Thats why youre a veteran trader on the floor of the stock exchange. Thanks for joining us. This will be the first close above 14,000 since february 1st. More on that and, plus, whats going on on Carnival Cruise lines . Ill see you tomorrow. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody. Welcome back to the closing bell. Take a look at how were set lipping out on the street today. After a pretty good rally in stocks. Nasdaq was under pressure dow up about 47 points. Thats off the best levels of the afternoon, and volume really underwe underwhelming today. Nasdaq down five points and ath big problem there showing anoth
The shorts were getting their head handed to them on monday and here we go, after monday on tuesday, and today as well. Ill seal you at the top of the hour. Good to see you. Another big hour. What do we do from here . If youre surprised by the action weve seen over the last couple of days, what are we to do . My professional trader, 30 years on the Trading Floor wants to sell into it but dont short it until you buy coverage. The vix had a great pullback. Bought the vix earlier in the month, you had a great return on the investment but if you didnt sell it out and took the profit youre getting squeezed. Buy the vix. Even with the move that weve seen, a feeling that certainly the market would show you over the last, you know, few selloffs here that its a bit fragile, right . Absolutely. That it can be blown over with a little bit of wind. And tomorrow is the last day of the month. Looks like a plus side february. Nonetheless, going out today plus 175, second hour of the closing bell begi