Viscerally negative, it wouldnt take much to spur a rally. Think about it, almost every stock in the s p 500 has been trashed for ages, except a narrow group of winners in 2015, the muchanointed acronymic f. A. N. G. Facebook, amazon, netflix, and google now alphabet. Yesterday these stocks were obliterated. They were gasping for air. The bear had sunk its teeth into their collective jugular. It was like sweet honey for the grizzly. As Bruce Springsteen taught us, you cant start a fire without a spark. When we left the office last night, i know we sure didnt have one. You know what i wanted to do . It was like the old days. I wanted to sip a bottle of cheap scotch on my dirty linoleum floor. When that closing bell rang, believe me, i would have. Cleanse that would suck the life out of anyone, stuff it with quinoa. I wonder how my old pal Johnnie Walker would go in my spinach smoothie that now passes for dinner at the cramer household. Anyway. Before i settled into especially side five
Even though piece positives could be quickly undone, we had a terrific rally, even as we gave up some of the gains at the close. We had gotten so oversold, many people had been relentlessly selling for days. Money managers have become so viscerally negative, it wouldnt take much to spur a rally. Think about it, almost every stock in the s p 500 has been trashed for ages, except a narrow group of winners in 2015, the muchanointed acronymic f. A. N. G. Facebook, amazon, netflix, and google now alphabet. Yesterday these stocks were obliterated. They were gasping for air. The bear had sunk its teeth into their collective jugular. It was like sweet honey for the grizzly. You cant start a fire without a spark. When we left the office last night, i know we sure didnt have one. You know what i wanted to do . It was like the old days. I wanted to sip a bottle of cheap scotch on my dirty linoleum floor. When that closing bell rang, believe me, i would have. But the wife has me on this darn clean
On the high side when it comes to bonds. How many . Were in the record zone at the moment. For germany, the dutch and french. Were seeing record low yields. Keep an territory eye on the debt market. Money going into bonds as we saw yields in japan died lower dive lower. Up we go. We see the yen fog. The dollar higher, the yen lower. As i said, oil trading got much higher today. That is on the back as the talks from opec in russia. Could they come together . 2. 2 . Seeing brent up lets check in with those movers this morning. Weve got results and changes at the top. Up. A samara sky, 1. 5 . More as rupert were going to wait for the message to open. Gamesa to open. Back to you. Guy thank you very much. Let me get to this chart. This chart here absolutely spiking. Zooming ahead. Consensus is what bernstein said this morning. Leading the stoxx 600 now. Lets find out what is been going on in terms of asian trading. Shery ahn is standing by. Give us the full impact of what the boj did early
Look into the future. Today kicks off with a focus on investing. Our guest today is Hedge Fund Legend leon cooperman and gabelli and rick rieder. Were excited to bring you this conversation all here at 8 00 eastern time and later this week, president ial candidate jeb bush and bill ackman but first lets get you up to speed on todays headlines. So that was the 20 year i thought it was 20 years since we had all been here at the same time. Three months. No, three months. Summer is up. Beginning of game day. Its a feel good song. We are united. We have not seen each other for weeks. Lets get caught up this morning. U. S. He equity futures. Here it s. Well show you whats going on. We are rallying this morning. Dow looks like it would open up much higher. S p 500 looking higher as well. Another volatile trading session but by the end of it things were looking up there as well. Chinese stocks rallying into the close. The top economic planner approved Railway Projects worth nearly 11 billion.
I am here in nantucket. Later on throughout the weekend, you wont be hearing from them, but i hopefully will be giving you news on monday. Chris matthews, they are all here in nantucket talking big ideas. So we will bring you that throughout the next couple of hours. Becky, back to you. Looking forward to it. Andrew, well talk more in just a moment. But in the meantime, lets get everybody caught up on wall street. It is waking up to green arrows this morning, a welcomed sight for the bulls after yesterdays selloff. Take a look at what the u. S. Equity futures are doing at this point. Nasdaq futures up by 20 points on the s p futures up by just over 6 points. Volatility, definitely jumping back into the markets this week. The vix soaring nearly 18 yesterday, all the way back to above 15. 5 . It seemed as though no one was spared from the carnage yesterday. All 30 dow components finished lower. The blue chip index dropped below 17,000. This was its biggest decline in about two months. Yo