Dont bet against progress thats the lesson for todays stock market where the gross name came roaring back the nasdaq surged 3. 85 . I know what you are thinking. It feels like the whole republic fringes. Well, excuse me. We are having one of the greatest rallies i have ever seen despite all the worries, the woes about the market tanking if Election Night was in indecisive indecisive like it or not, the people spoke. Whether biden or trump ends up on top, it looks like buy den right now. The democrats will have the house and the republicans will have the senate. At least two years of boring do nothing government even with the pandemic and the high unemployment and of course just kind of anger, americans seemed satisfy with the status q quo. They certainly dont want higher taxes. Something that would have been on the agenda if the socalled blue wave has washed in. Thats a big deal. I know based on the polling, i was worried what may happen to stock with a blue wave just stocks. I am sure
Joe, whats this about what do you think is going on in the market, joe . I think this is an asbestos luts perfect technical correction that were experiencing and we have been experiencing from the beginning of the month i talked about it with you i dont think the time is now to be stepping in and thinking that its over. I agree with your opening. Tlp is further weakness that lies ahead for the market. Lets keep in mind theres significant weakness in germany. I know jim talked about apple being higher for the day as a good positive indicator. Apple should be higher wasnt able to sustain that its in a bear market. As long as apple remains under some pressure, you have to believe the overall market will have a bit of its own problem, dont you think. Possibly. First of all, we needed a correction whether its because the case, the daily case in europe are now ahead of the u. S. Or the debates next weekend or the election coming up we needed the sell off this is great thing. Investors have t
Somebody to sell if you go back to our march survey, what we saw was that the level of bullishness on the stock market was one of the highest readings we had in the history of our survey. That told us things were scary in terms of fundamentalings and news flow. They sort of knew inherently this was that point in time was the right time to buy the market they stepped in to help contribute to the rally. Now what we see its not that everybody is bearish the bearishness is starting to pick up where where we were last quarter and the bulls have fallen down sharply. Now, what is extremely in our survey is the percent who say valuations are expensive and that hit a new survey high whats that telling me as the tape weakens here, the news flow deteriorat deteriorates im talking to Institutional Investors that are not inclined to support this market the way they were in march i take it as a bearish read. Less about the level and shift in sentiment were starting to see and the reasons for the shi
Coronavirus battleground. Doctors being called out of retirement. Hundreds of volunteers being rushed in. The number of deaths there now the himornin overnight, a scandal brewing on capitol hill. Some prominent u. S. Senators dumped millions in stock after getting official briefings about the coronavirus pandemic before the markets tanked. Are they guilty of Insider Trading . Lawmakers at home closer to a massive trilliondollar stimulus. The latest on the plan to put a 1,200 check into the hands of millions of americans. And everyday heroes. How a 20yearold College Student assembled thousands of volunteers in just under a week to support those who need it the most. And what celebrities like Jennifer Garner, Reese Witherspoon and frozens josh gad are doing to help out millions of parents. Gondola. Gondola. Good morning, america. Its great to be with you on this friday morning, and josh gad makes you smile. Always. It does, and its great to see so Many Americans stepping up right now, tr
A member of the bank but they get. Something right. Down. Here but no. Way. How are they good morning just going to leaven a clock here in moscow you watching international now the u. S. President donald trump claims he can sort his state visit to denmark because the countrys Prime Minister made some quite nasty remarks he had offered to buy greenland which is a danish dependent territory but that was quickly rejected. Prime ministers statement that it was absurd that was that it was that absurd idea was that asked the daughter was that inappropriate statement all she had to do is say no we wouldnt be address that youre not sure at this because. Its an absolute discussion and to Prime Minister of greenland has of course made it clear that greenland is not for sale and thats where the conversation and. Dont say what it absurd idea that is because hes not talking to me. Hes not to appear to me you dont get to the United States of america you dont talk to the United States that way at lea