A resolution on the nations budget or the debt limit. People looking for protection bought gold futures which rose 13 dollars. And oil drift down 42 cents as tensions with iran eased following a phone call between president obama and the president of iran. Blackberrys ceo is said to be leaving the company with a golden parachute worth as much as 55 Million Dollars. And ichan and apple. The billion investor recently revealed his fascination with the tech giant. Reports say ichan is meeting with ceo of apple today. Lets get the trading day started with Mark Sebastian of swan wealth advisors. Good morning. Are we in for a messy monday . I think thats absolutely possible. Friday, while the market didnt really move very much, we saw the vix pop. I think were starting to finally see the market react to this government business and it could really drive things through the week. Even overshadowing non farm payrolls which are usually really important. Is the Market Pricing in anything different
Trading year for you so far. What are some tricks that have really been working this year . You have to differentiate between what you think is gonna happen and whats gonna happen. Now, it took me a long time to do that and i wasted a lot of money fighting what was really gonna happen versus what i thought should happen. And i think a lot of folks have started to take some money off the table worrying about the stock market continuing its march. But the fed is data dependent and we dont believe that were gonna see that data change very much. The u. S. Economy is still in trouble. Theyre still gonna accomodate loose money policies still on the table. The stocks are going to march higher. Whether you think its manipulated or not, thats just the world we live in today. How have you been handling the hedge funds . Theyve been taking these large shots at companies, making a lot of news, a lot of noise. But what have you been doing as a trader with that information . Unfortunately as a trade
Following one of the worst months for investors in about a year. Stocks staged a steep sell off with the dow dropping 150 points, the nasdaq 19 and the s p 11. Gold rallied 2 dollars and oil slid 74cents. The keystone xl pipeline would have little impact on the enviornment according to analysis by the state department. Environmental lists are disapointed. More studies are still to come. And the head of Consumer Protection bureau Richard Cordray will make an appearance on jeopardy wednesday. Lets find out if Tim Mulholland of chinaamerica capital thinks a selling spree will continue. Good monday morning to you. People are talking about corrections in the market, maybe up to 15 . What do you think . We havent had a 10 correction in over 2 years. In fact, january was our first down month that we had since august. I think given that were not even 3 1 2 down i dont know if id go that far yet i think most people view this as healthy right now and thats because theyre looking at earnings and
Years. Gold fell 7 dollars and oil was up a dime. Jp morgan reportedly agrees to pay 4 billion dollars for misleading the government about the qaulity of home loans it sold to fannie and freddie just before the housing crisis. And, an Environmental Group in lousiana says oil gunk is still coming to the shore in the gulf of mexico 3 years after the bp oil spill. Bp claims the 1 Million Pounds of oily material could be from another source. Larry shover of sfg alternatives joins us for an early look on this monday morning. Good morning larry. Good morning. We have a jobs number tuesday to get ready for. Whats the market telling you . The markets saying theyre gonna discount whatever the number is because of the Government Shutdown. The numbers might not be full of clarity until december. However, they are looking for 180 thousand job ads and an unchanged unemployment rate. Is the market impressed with the Growth Numbers coming out of china . We had that gdp last week. Yeah, the numbers we