Last week, i warned you. Didnt think it wouldlast. More bad news about the pandemic and we would get slammed again thats what happened today dow plummeting 900 points, s p plunging 1. 4 . Nasdaq also nose diving, 1. 4 . Last night the president gave us pretty down beat, realistic forecast for covid19 fatalities if youve been following the experts and a potential death toll in the hundreds of thousands, might not have surprised you. But for a lot of investors it was a rude awakening i cant blame anyone for selling after that miserable First Quarter with very little good news on any front in the battle against covid. Lets be real. This market is an incredibly leaky ship if youve been laid off, having health problems, your family is hurting, supporting a loved one out of work, youre most likely going to have to sell stocks to get through this period. People need cash you cant fight that kind of selling. Thats what were seeing so why not simply dump everything, flee, maybe head for the hil
Crash. The mother of the twins said her boys and their buddy were inseparable. They were best friends. They did everything together. Reporter she considers the dublin high boys her brothers. They were excited to start driving. We studied for the permit. Reporter a steady stream of people have been stopping by the accident scene to drop off flowers. Theyre also praying for the two survivors, a girl who was also a student at dublin high and the twins cousin, a Football Player at James Logan High School in union city. I want him to get better. Reporter the superintendent said theyre planning a scandal light vigil. The community is shaken. Theyre fantastic kids. They have their life in front of them and in an instant on christmas night tragedy struck our community. We all determined that we loved them so much. We just wish they were here. Reporter were back here live where you can see teenagers stop by here. Very emotional. Very tough for these teenagers. The twins mother said her nephew J
The flames. Thom . Reporter ill talk about that injury very quickly, before we go to show you whats going on here right now. We understand that the woman who was injured here was six months pregnant, a 33yearold woman, according to some of her friends and cotenants who lived in this warehouse, that was owned by a furniture or an estate liquid ait yate or and his wife. This is at the apgar warehouse here in oakland at apgar and west street. Ten People Living here at one time, the owners charging them 1,000 a month to stay here and that harkens back to the ghostship fire three years ago where 36 people were killed. Fortunately the seven to eight people who were in here got out, with just that one woman being injured, a pregnant woman, we understand, 6 months pregnant, again, at summit hospital with what the battalion chief on the scene described here as minor injuries. Shes expected to make a full recovery, but at 2 30, when this fire started, it was a harrowing rescue by one man that he
Dp lets say it gave a nice boost to the averages. Dow up, s p 500 up. 33 . Nasdaq up. 33 interesting synergy there, huh but as important as the Federal Reserve might be, can we just say that its not the only thing that matters there are a lost constraints on companies these days that have nothing to do with the fed and after hearing from apple and facebook after the bell, can you imagine these two Huge Companies tonight, you know what its head scratching i mean, theyre up weve got to devote more attention to a couple of things in particular i never really talked about on this show. We need to spend more time talking about the lack of time to consume all there is out there and we need to spend more time talking about the government, meaning the newfound menace of government when it comes to classic digitized now big business while facebook and apple both reported strong numbers i think the stocks should have been up much more than they are in after hours. Theyre good but i expected grea
Doing much, much better . What happens when the u. S. Government surprises us and does something that investors perceive as being good for business like this tax overhaul that many of us gave up on happening. Day like today, dow rocketing up 332 points to close above 24,000 anz investors decided willing to pay more for stocks because good oldfashioned Companies Keep the surprises. In short, you have to abandon cynicism to understand this market lets go over whats happened. Show you what it takes to have this kind of rally, how many Different Things have to go right. Which shouldnt seem that out there. Theres only a 1. 4 move, sounds bigger than it is. Been tame lately 332 points it worth noting even as were getting overbought. In context, most strategists on the record have turned very negative on 2018, valuations are getting stretched. Not prudent. Need to start selling now because funds are too big to dumb everything december 31st. At the same time they need to outperform the average