Today if oil hadnt reversed course and roared back which caused the dow to rebound from down 265 to up 53 points. S p advanced. 44 . Nasdaq gained. 87 . When you look at the link to the price of oil, the idea we could be headed into a recession has become a powerful fiend. A whispered under current in this environment that services when oil take as dive. When oil goes up we stop worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to raise Interest Rates. And how can it be a march rate hike . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of resear
Traffic continues to look good. Lets use the east shore freeway to start. And traffic is going to be okay on 80 westbound between the carquinez bridge to the macarthur maze. Not a bad commute and you can get a decent drive. Lets go to the bay bridge. And traffic is going to be light. A couple of lanes have just a little bit of a backup but nothing major as you drive through. The traffic continues to look good. Altamont pass, livermore, dublin, that freeway system is looking good. San ramon to pleasanton is also in good shape. Heres a look at the top stories were following. Investigators are trying to determine whether Human Remains Found near the country barten bridge are those of a missing woman from brisbane. Her husband jumped to his death tuesday night. He had been a person of interesting in the disappearance. His truck was impounded as potential evidence. Police are looking into possible threats to San Francisco and el camino high schools. Security will be increased. Alex savidge
Worrying. When oil goes lower, the story is back on the table. Then i get a second whisper. It goes like this. If we are talking about going into recession, why the heck does the fed feel the need to raise Interest Rates. And how can it be a march rate hike . How can that be on the table . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at recession. I guess we are going into a recession. Maybe were in a recession or the Research Analysts wouldnt have spent most of the piece talking about how General Motors will get hurt in a recession. I started thinking about the conversat
Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at risk than people reallize in a recession. I guess we are going into a recession. Maybe were in a recession or the Research Analysts wouldnt have spent most of the piece talking about how General Motors will get hurt in a recession. I started thinking about the conversation with fords ceo in San Francisco where he basically said he felt we could talk ourselves into a recession. Thats his big fear. Five times earnings, yields 6 with the special dividend. Pretty obvious they are not the only ones who fear a recession. The peopl
Raise Interest Rates. And how can it be a march rate hike . How can that be on the table . Why are people so worried . So many like to grab a mike and tell us how great things are now. These conversations should be combined to sound like this. You mean to tell me we are going to have a recession and the fed will raise rates or just an out and out declaration. Well have a recession because of the fed. Like this morning there was a piece of research from Morgan Stanley telling you to sell General Motors. General motors why . Because the profits are more at risk than people reallize in a recession. I guess we are going into a recession. Maybe were in a recession or the Research Analysts wouldnt have spent most of the piece talking about how General Motors will get hurt in a recession. I started thinking about the conversation with fords ceo in said he felt we could talk ourselves into a recession. Thats his big fear. Now given the stock sells at five times earnings, yields 6 with the spec