Undervalue whole groups of stocks in anticipation of good earnings or great news . And thats what ive been pondering all day. A day where the dow roared 228 points. The s p 500 fell to 1. 35 and nasdaq jumped 1. 19 . Now i know that if the dollar had been very strong against the euro and other currencies, plenty of situations bullish today would have gone sour and probably will tomorrow. We only have two up days in a row of the dollar since middle of december. Thats right. The dollar is going up almost impossibly almost every single day and the euro has been strong two days in a row once. So i think this could be a lucky gift. But ive got to tell you. Forget about currency for a second. This failure to analyze positive moves ahead of the action has become endemic. Its astonishing to me given for my almost entire stock trading life, the market has accurately discounted good news beforehand. Not afterwards. And all thats been doing lately is doing it afterwards. Market professionals are
Taking a live look at the u. S. Capitol dome. It has been be busy there over the past couple of days. The house finally passing a compromise on the fiscal cliff. Were going to have more on that coming up in a report. Good morning, everyone. Im sarah simmons. Im wisdom martin. Welcome to fox 5 morning news. Before we get to that, we want to get to Tucker Barnes and find out whats happening outside in the weather world. Good morning. Good morning. Im not sure everybody is going back to work, everybody going back to work and and school today. Weather is going to be quiet, looking fine. Generally dry conditions out there. It is cold. Kids going to the bus stop, that kind of thing, theyre going to want the winter coat. Oh, yeah. Temperatures in the 30s. Its going to be a cool couple of days around here, but we should be dry for much of the remainder of the week. Lets go to the radar. With the exception of our friends to the south and east across lower eastern shore, see down towards salisbu
Blur. Reporter sasha attends Maybeck High School in berkeley. Students and teachers wore skirts today to pay tribute to their classmate. Now, yesterday the 16yearold accused of setting the skirt on fire was arraigned in an oakland courtroom. He is charged, he is being charged, rather, with a hate crime. There are reports that investigators, that he told investigators that he was homophobic. Back here live, as you can see, this is line 57 where the bus route is going. The 16yearold apparently told his mom that he is remorseful. And that he was just playing around and that he wants to apologize to sasha. Well have more on this story coming up at 11 00. Reporting live in oakland, im cheryl, hurd, nbc bay area news. Thank you. As just mentioned, it was a powerful show or support from his classmates. Several students, teachers and even the principal at maybeck high in berkeley wore skirts to school. Heres video of this. They wanted to send a message to sasha that theyre, indeed, united. One
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