Even if they cushioned the inevitable downside. The rules kept me from making a huge amount of money when things were going gangbusters in order to keep me from losing money when things went badly. The house of pain. The rules im discussing keep you in the game even when things are tough and you make those mistakes. The rules protect you against your own bad judgment whats going on in the companies you own or whatever is happening in the market overall. If youre going to make money using stocks because you just cant get much of a return anywhere else these days, thats pretty much the case, youre 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 do nothing with your money. If you do nothing with your money, youll have a whole lot of nothing to show for it. How to trade and invest responsibly to make your money work for you. How to tend it and make i
Shame worries about china. The countrys Manufacturing Sector contracted at the fastest pace in three years. It wasnt a miss necessarily because people including you were expecting this today. We have a worldwide slow down in a bear market. Its a mini bear. It happened out of nowhere. And this slow down is taking people by surprise. I dont know why. If china is decelerating, a lot of countries will. The good thing is the dollar has gotten weaker. Maybe thats because the chinese are selling their german bonds to be able to prop up the market. Theres a lot of lies being told about china. They say theyre not buying. Theyre propping things up. They like it when the shanghai is over 3,000. The shenzhen is propped up pretty much every night. Crude coming back to a level where its getting interesting given the fact that good crude people are telling me the inventories are not as big as you thought. Divide by ten if you want to get more comfortable. Instead of it being down 500, say its down 50
They dont like to be admonished or follow the rules. I dont blame them. I was a rambunctious kid myself when i started to manage my own money. When i learned the rules i spurned them 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 gang busters in order to keep me losing big money when things went badly. The house of pain. The rules im discussing tonight keep you in the game even then we you even when things are tough and you make the mistakes. The rules protect you against your own bad judgment, about whats going offing on in the companies you own. But if youre going to make money buying stocks because you cant get much money returned these days thats pretty much the case you have to work harder with your money to do so. That requires discipline. Discipline, because once you start buying and selling stocks, you can make more mistakes than if you do nothing with you
That gains ground or sheds point in a heart beat as it did today with the dow sinking 171 points s p falling. 84 and the nasdaq declining. 68 you might think we plummeted off todays labor report that huge big number, but ill explain later, those strong numbers, it was actually terrific for stocks. I think were trapped in the irrational world where a sharp decline in oil like we had at one point today gives scared cats a reason to. Sell sell sell. Stocks. There is where individual earnings reports can have a big market so when bed, bath and beyond and macys and five below posted disappointing sales, it caused the retail to give up the ghost after two days of out sized gains and that spilled over the pin action to the rest of the market. Yes, individual earnings reports are being magnified and reverberate throughout all stocks and the impact will get more powerful. So let me give you my name plan to guide you through the first week of this hallow ground. Pressure is on alcoa. For several
Than the Federal Reserve. Up after hitting sixyear lows yesterday. The tenyear yield, yeah thats what you get, lend your money to the u. S. Government, 1. 75 lets be generous. Road map this morning starts with alibaba and its shares which are slipping after a miss on revenue. Executive vice chairman joe tasi with us in a first on cnbc interview. Stocks high in the premarket. What you need to know about the changing of the guard in the ceo sweep. From a social network to mobile network. How mobile apps are changing facebooks core business in a dramatic and positive way. Oracles ceo, hes going to join us exclusive interview, thats later this hour. All right, back to the news of the day. Alibaba reports revenues that increased 40 , but were below the expectations of analysts who follow the company. Shares appear poised to decline this morning. You can see right there talking about 90 level. Hasnt seen that in a bit of a time joining us first on cnbc is the executive vice chairman of aliba