Election. What do you do here . The rotation in the financials and i think you can stick with those. Yesterday i took off a lot of the financial positions, took off a few more today. Scott, when you look at whats going on now, howard ludnick was on last night talking about how regulations, if those were put down a little bit, a little bit softer, druckenmiller again said exactly the same thing. If thats the case, that means the financials have room to run and theres plenty of room. There might be even more room. The paper we have been seeing flowing in there, 95,000 bank of america calls were bought yesterday midday, scott. And then sudden ly they come in today for the xlf. Theyve been coming in for almost anything financial. E trade was just a few days ago. They continue to come in for those. When i say they, i mean those with big, big, deep pockets coming in saying the financials are going high. Is this a play out of tech into more cyclical, more value areas, if you will, industrials
Fiveday losing streak and nearly the same position since a very similar budget battle. Jeff bezos saying he doesnt care if his new kindle makes money when they buy it, only when they use it. And jpmorgan avoiding a wave of separate litigation. And alibaba planning to list right here in the old u of a. If the s p finishes to the down side, its the indexs first fivesection losing streak sinces fiscal showdown at the end of 2012. One of the recent headwinds about a Government Shutdown. Republican governor ted cruz of texas and allies have been on the floor, but do threaten to strip a defending provision of obama. Harry reid has scheduled a test vote today at noon, like live one of several procedural votes. There is an increasing amount of chatter that we might get a continuing resolution. It does seem like there is something hidden going on, even so we have the s p down five, the depth of decline is not that great the nasdaq was up yesterday, transports were up yesterday. Last 20 minutes
US debt ceiling: Warnings over X Date from Bipartisan Policy Centre fortune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fortune.com Daily Mail and Mail on Sunday newspapers.
The Indian economy has grown strongly under Narendra Modi, whose party is set to win another term.India s success has caught the eye of figures including Elon