Wisdom turned bearish. All morning. We keep hearing the same thing from the socalled experts why wont this darn market stay down wheres all this money coming from dont people realize the earnings will be down this year versus last . Thats a negative litany i hear everywhere i go, even colorado even with that u. S. Air force academy. People still betting on recession. They think this is merely a fed mandated bubble and the buyers are going to get crushed and that i am way too positive the but every day something happens that contradicts the bari bearish narrative. I get it its hard. I admit it the pessimists are looking at all the wrong things i have to let you know where theyre going wrong so you dont make the same mistake. Ill walk you through individual stocks that i got wrong. Okay exhibit a. Hpa. They reported an okay number just okay. And its beloved ceo stepped down for Family Health reasons bad. And lore Enrique Loris took his place. Before the plan was announced, the stock of h
Global slowdown is the new reality. A booming bio tech stock shares this company doubled in the past week. The ceo will be here to explain why the party isnt over yet the power lunch party starts right now. The s p down about quarter percent. That would be coke up more than 2 we start with the big story of the hour. Boeing shares are near session lows as it deals with more fall out from 737 max safety issues lets go straight to phil for these developing details phil this is all about a document that boeing turned over late yesterday to congressional staffers who have been investigating the 737 max. This is a copy of that document. Were not going to read all the mes messag messages he said i lied unknowingly it was alerted to the faa and the head of the faa steve dixon. Why didnt we have this sooner . Boeing responded to the story as it developed over the last couple of hours saying over the past several months boeing has been voluntarily cooperating with the house transportation and in
Tracking brexit law after the House Speaker blocked his bid for a monday vote. Kathleen the first polls are closing this hour in the Canadian Election. Prime minister Justin Trudeau looks set to retain power but lewiss parliamentary majority. Onto the markets and australia, where they have just opened. Sophie, what is on your radar screen . Sophie building on mondays gains, up about. 1 . Aussie bond yields are set for a fifth day of gains. Holding onto a fourday advance. We have plenty of updates from australia, including from Whitehaven Coal and oil. We are watching bhp this morning. The stock gaining ground, asding 35 this morning hile arein c preparing to halt operations. He restocks set to snap a threeday job. Drop. Over in korea, we will be watching for president moon jaein to delivering his budget speech later to the National Assembly this morning. The economy comes under more pressure this morning. We have Producer Price data from south korea showing further contraction, falling
So tonight were going to take a step back, try to put all this discipline stuff into perspective. If you pick your own stocks, the thing you need above Everything Else is judgment obviously good investigating judgment isnt something you can be taught in a month or a year i try to give you the tools you need to develop your own judgment all my best professors in college focused on teaching us how to be a better investor, not just tell you the stocks that ii think are Good Investments the problem is thats a heck of a lot to process when youre managing your own money, before any other consideration, you need to know yourself you simply cant know which stocks you should buy if you havent taken time to consider what your own personal obje objectives are are you just trying to get a decent return as you save for retirement do you have money to burn, and youre willing to take risks on more speculative propositions . Theres no one size fits all approach to investing and anyone who tells you di
That the American Financial system. Kind of in 1858 in lynchburg virginia and grew up in the reconstruction self. Is this policy on the role of government was shaped by the views of thomas jefferson. For just 70 miles north. From 1903 until the early 1940s they played a key role in every important legislative debate. Its colleagues in the house, later in the senate, both democrats and republicans, as the go to expert when it came to baking issues. Our glass was a consummate politician. He was an expert when it came to reading the political tea leaf and crafting compromises that could be passed into law. He was wheeling to empower the federal government in his judgment circumstances were warranted. Twelve roosevelt progressive, he shepherded the most important progressive new deal reforms through the senate. Turn class had assault, he can be grumpy, but mostly in private. He was not a proponent of racial equality and thats putting it mildly. And he was a democrat. That was a joke. [laug