S p backs up. 2 . Would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap, but are right. A discipline that will be tested in the next few days, at last because of todays last hour selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigor to recognize what the market actually wants, though, not necessarily what you want. The dichotomy that says you would rather have a portfolio that is hated by the intelligentsia and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i caught a terrific advertisement for amazon. It was incredible.
S p back 7. 2 . At jim query, would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap but are right. A discipline that will be tested in the next few days. At last because of todays last hour 7 selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigger to recognize what the market actually wants, though, not necessarily what you want. The dichotomy says you would rather have a portfolio that is hated and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i called it a terrific advertisement for amazon. It was incredible. A film ab
Cramer and david faber. This could be a very big day in the markets. The day after the attempt to pass plan b in the house has failed. We saw the futures down as much as 200 points. Right now were down 162 on the dow. The s p looking to lose about 19 at the open. Most notely were seeing a spike in vix futures. Its indicating more volatility ahead. Europe, largely taking the cues from here in the United States, and the news last evening about plan b. We are seeing a 1 loss in italy, germany is down by. 9 . Of course, futures as you saw are taking a hit on concerns that a deal will not be reached to avert that fiscal cliff. An attempt by House Speaker boehner to avoid that class and pass the socalled plan b tax bill. That failed. The measure that would have kept current tax rates for those making less than 1 million a year. It never even made it to the house floor. Speaker boehner is scheduled to hold a News Conference about an hour from now. Of course, well bring that to you live. Here
Economic growth power with senator ron johnson, bob lutz, and my great old pal jim cramer, all those stories and much more coming up on the kudlow report, beginning right now. Welcome to the kudlow report. Its 7 00 p. M. On the east coast, 4 00 p. M. Out west. Enrollment numbers and a possible senate revolt. John harwood joins us from washington. Good evening, john. Larry, the president at the end of husband european trip got good news and announced it, which was that 6 Million People so far have enrolled in private plans on the state and federal exchanges. Now, that meets what the Congressional Budget Office had predicted after the disastrous rollout. They had ratcheted their initial estimate of 7 million down to 6 million. It is still possible with four days left that the administration could hit that original 7 million target. That does not however resolve the questions about the financial viability of the exchanges. That will be determined by the mix of people older and sicker peop
Dont even know about. Youve got to stay with us for the entire hour. Which begins right now. Welcome to the final kudlow report. Im larry kudlow. First up, lets start with the news. Another roller coaster day for stocks. Jackie deangelis has that for us. Good evening to you, jackie. Good evening to you, larry. As you said, a roller coaster day tore stocks. Ending in the green but off session highs. The early rally was fueled by comments from chinas premier that the countrys government would take steps to support its economy. But then a selloff in the biotech sector. That was late in the day, weighing on the markets. Now, at the close the dow was up 58 points. The s p 500 was up 8. And the nasdaq managing to squeeze out a fourpoint gain. The nasdaq, though, was the big loser this week, off almost 3 , making it the composites worst week since october of 2012. And biotech stocks, they were underperformers all week. A near 3 drop in the nasdaq biotech index today. A roughly 7 loss on the w