How he answers this, but this is is kind of what was addressed down in front of folks in washington, is this something thats endemic in the entire industry . I think this is something people want to get to the bottom of. I would just say nailed it. Did carrie tolstedt, the woman who ran the phony account unit, was she a direct report to sloan . He said yes. I believe its not enough. These guys are probably really good bankers, but there was a scandal here, you know . And in some ways there was probably some relatively criminal activity. So im not sure him as a replacement is the proper replacement. You got to think if he goes up on capitol hill, the tone and tenor of those questions are going to be just as aggressive. Fierce and aggressive as they were the first time around. If were asking questions within an hour after the news breaks, these senators, these congresspeople have days, weeks to prepare theyre line of questioning. You got to think theyre going to be ten times harder. Does
Spurned them, either because i didnt believe they could help, or because they cut off my upside. Even if they cushioned the inevitable downside. In other words, the rules kept me from making a huge amount of money when things were going gangbusters in order to keep me from losing big money when things went badly. The house of pain. The rules i am discussing tonight keep you in the game, even when you even when things are tough and you make those mistakes. The rules protect you against your own bad judgment about whats going on in the companies you own or whatevers happening in the market overall. But if you were going to make money using stocks because you just cant get much of a return anywhere else these days thats pretty much the case. You are going to have to work harder with your money to do so. And that requires discipline. Discipline. Because once you start buying and selling stocks, you can make more mistakes than if you just but if you do nothing with your money youll have a w
Didnt believe they could help, or because they cut off my upside. Even if they cushioned the inevitable downside. In other words, the rules kept me from making a huge amount of money when things were going gangbusters in order to keep me from losing big money when things went badly. The house of pain. The rules i am discussing tonight keep you in the game, even when you even when things are tough and you make those mistakes. Your own bad judgment about whats going on in the companies you own or whatevers happening in the market overall. But if you were going to make money using stocks because you just cant get much of a return anywhere else these days thats pretty much the case. You are going to have to work harder with your money to do so. And that requires discipline. Discipline. Because once you start buying and selling stocks, you can make more mistakes than if you just money youll have a whole lot of nothing to show for it. Thats why we are doing a show tonight on how to trade and
Candidates tonight in las vegas. Morgan stanley wabeating the street. Well look at the state of financials. And this leaked salesforce document shows acquisitions the company considered targettarget. Are more big buys on the horizon . First up, Hillary Clinton and donald trump square off in their final president ial debate tonight. Clinton does lead most polls with 20 days to election day. Bloomberg has her up nine ahead with men for the first time, that poll was tied in september. Jim, the market hasnt adjusted as much as some of these polls have. No, and i think that one of the combinations here is labor, bank stocks have done well. Has reaction been great . Theyve been okay. But if the if Bernie Sanders gets elevated to go to the senate, goes democratic a lot of talk about Budget Committee what that would mean. Yes. And Elizabeth Warren becomes more of a force than she already is, then i think a lot of these banks are going to be back in this, well, lets relook at what happened at w
Big change of pace. What would a strong swimmer do here . Thats what im trying to think. See, you cant outswim the currents. Not even phelps could match some of these twists and turns. That doesnt mean we cant figure things out together. You and me. Spot the patterns. Come to the conclusions. Conclusions that make sense given the fact that there are so many rotations going on even midday. And multiple winning ones of with got xp we have to go back in history. Lets start with what happened one week ago today. Most traders and investors presumed because of the polling that Hillary Clinton would win the presidency. They made a host of big, big bets on hillary betting that she would win. Mostly wagers that a Clinton Administration would be an extension of the obama administration. Gridlock, not so hot growth. Which somehow we were convinced we liked. Faster than a stalled economy because the economy will stay stalled, right. Not so fast they draw government scrutiny like banks that are doi