Dow falling 50, because the s p oscillator is now in extreme overbought territory, which tells me we are due for some pain. The house of pain. Before i explain my reliance on this darned oscillator, let me break down what i saw. Its inextricably late to several inputs. Stocks intend tend to go pie higher if we have three circumstances a weaker dollar, higher oil and stronger chinese stock market. I may not necessarily agree that these should cause a raleigh. I think higher oils mean lower personal save,s lower personal consumption, higher cost for most businesses, only 10 directly benefits from a more expensive group. It doesnt matter what i think, though. Right now the correlation between higher oil and higher stock prices is so ingrained its not even worth the intellect why will combat. When oil was flying high today, you know, you had a decentlooking market, but it sold off. As soon as it did, that directly turned the tape into the red. It was incredible. We know that the chinese st
Tells me we are due for some pain. The house of pain. Before i explain my reliance on this darned oscillator, let me break down what i saw. Its inextricably late to several inputsts. Stocks intend tend to go pie higher if we have three circumstances a weaker dollar, higher oil and stronger chinese stock market. I may not necessarily agree that these should cause a raleigh. I think higher oils mean lower personal save,s lower personal consumption, higher cost for most businesses, only 10 directly benefits from a more expensive e oup. It doesnt matter what i think, though. Right now the correlation between higher oil and higher stock prices is so ingrained its not even worth the intellect why will cbat. When oil was flying high today, you know, you had a decentlooking market, but it sold off. Turned the tape into the red. Was incredible. We know that the chinese stock market has been manipulated higher by their government. It shouldnt matter at all, right . But again i dont determine the
You have to wait to hear the Conference Calls, and you want a perfect example . Look what happened to those poor fools ooh who sold Goldman Sachs down after reporting only watching zoom up 8 from the bottom. A morning Conference Call people didnt listen to, sold too quickly. The simplistic headlines, right 50 of the time . Thats a coin toss. We dont invest in coin toss situations. [ buzzer ] house of pain. Thats where youre going. The game plan for next week . Pick and choose. Monday morning, heal from hal, second largest oil company, gave you a downbeat outlook last night in the Conference Call this morning. I care tremendously about this Conference Call of halliburton, not only because i want to hear about the frac now, pay later plan, i want to find out how halliburton plan with baker hughes is going and i bet you against a sense how much business to divest to get the deal down. Declines in oil and Natural Gas Prices this merger could stabilize the Oil Service Business creating a wo
Way too Many Companies report. I stress, this is a terrible time to make snap judgments you have to wait to hear the Conference Calls, and you want a perfect example . Look what happened to those poor fools ooh who sold Goldman Sachs down after reporting only watching zoom up 8 from the bottom. A morning Conference Call people didnt listen to, sold too quickly. The simplistic headlines, right 50 of the time . Thats a coin toss. We dont invest in coin toss situations. [ buzzer ] house of pain. Thats where youre going. The game plan for next week . Pick and choose. Monday morning, heal from hal, second largest oil company, gave night in the Conference Call this morning. I care tremendously about this not only because i want to hear about the frac now, pay later plan, i want to find out how halliburton plan with baker hughes is going and i bet you against a sense how much business to divest to get the deal down. Declines in oil and Natural Gas Prices this merger could stabilize the Oil Se
East. We will have to watch that closely. Otherwise, the rest of us enjoy otherwise, the rest of us enjoying sunshine and by your lunch hour, we are getting into the upper 30s to low 40s. We are stuck in the 40s today. A cooler than average day, but the winds are going to turn light, and that is going to make it feel much more comfortable than we experienced yesterday with that active wind and it is going to be dry. The good news is, we are going to be talking about big improvements headed our way with temperatures. And in fact, we will show you what to expect this week coming up. First a check of your traffic with julie grauert. Good morning. Julie big improvements. I like the sound of that. The roads. 93 south moving along nicely from the cloverleaf down through woburn and into medford right now. Pike looking good from framingham through the weston tolls. And here this is what it looks like through brighton. Live drive times. 12 minutes on the pike from the weston tolls to the ted wi