Trap. A soccers suckers game. Dow gaining and s p growing and nasdaq growing 2. 3 . We didnt see a lot of buying today. We saw an absence of selling. A pause in selling can take us higher but not so high it is worth plupging in with both feet. Thats because we are in a bear market. It is like a fever. It does run its course. This is my ninth bear market in 35 years of investoring. And [ inaudible ] was right when he said that all happy bull markets are the same but all are each unhappy in their own way. Still love it. So applicable. Most of the bear markets had to do with overvaluation coupled with shocks to the system that created a tore of stocks for sale. This is similar to those to a degree. The market did get expensive but because Interest Rates were low, valuation was not weightless. Not in this country, but overseas, it is running high and spilling over on to our financial stores before and before and before. And that is why im adam mant is the 2011 bear market where the s p 500
This is one surprising week, and in this week the best of 2015, surprises for generally pretty darn positive. But can that trend continue next week . Because this market is a week to week affair. Well find out soon enough with two Companies Reporting next monday. Lately theyve been, lets say, more sources of disappointment than a rapture. Im talking about gamestop and tyson foods. The heavily shorted gamestop delivered a darn good quarter. Last week the Stock Plunged almost in a straight line. Concerns from analysts, gaming hardware sales, subpar. I dont know if its true. Theres so many short sellers gunning for these guys along with their analyst colleagues i think theyre overdoing negativity. I like the ceo paul raines and how hes diversified are from being a onetrick pony. Im looking for reasons to buy, not sell. Gamestop will be something i will talk about on my morning show, squawk on the street and tell you what i think you should do. Tyson foods. Doing a makeover. Becoming more
Work. Augment the hand. Todays action represents attempts by several different card players to make their hands better in this new environment where most stocks go down anyway. Dow falling 163 points, s p sinking 6. 5 . Lets take it by the clock. When i got up this morning, the futures, they were down hideously. And you know i get up early. A couple of reasons. Both chinese imports and exports showed chinas decline in Growth Continues to accelerate. Weve now had 13 straight months were chinese imports slumped right in a row. No wonder copper is in free fall. No wonder theres no place to put aluminum and steel. Nickel, zinc, i cant even look at them. Its just bad over there now as the economy frantically switches to being consumer base. Only one third of the chinese economy is based on consumer spending. Ours is two thirds. The chinese want their country to be more like ours, more like a service economy. When we see any data that suggest the Big Industrial engine of china might be sputt
Sinking 6. 5 . Lets take it by the clock. When i got up this morning, the futures, they were down hideously. And you know i get up early. A couple of reasons. Both chinese imports and exports showed chinas decline in Growth Continues to accelerate. Weve now had 13 straight months where chinese imports slumped right in a row. No wonder copper is in free fall. No wonder theres no place to put aluminum and steel. No wonder irons under 40. Nickel, zinc, i cant even look at them. Its just bad over there now as the economy frantically switches to being consumer base. Only one third of the chinese economy is based on consumer spending. Ours is two thirds. The chinese want their country a service economy. When we see any data that suggest the Big Industrial engine of china might be sputtering, we freak out. Why . Because so many countries depending on the Chinese Market for growth and its not giving them. Things only got worse, around 4 30 when we heard that Anglo American, the biggest Mining
Day. Kicks off, trying to be better. Campbells soup. Of late this market embracing all line Food Companies with good dividends potentially becoming more organic and the stocks are covetededore than the companies politically and culinary correct but far more expensive stocks. And campbells sold out of and bounced back hard instantly. Be ready for similar reaction. E food company the people real ke is hormel. Another strike changer after its acquisition of applegate farms. Hormel, which supports Tuesday Morning by far the moat of consistent member of the packaged food group, hence hit an alltime high today. I like the stock. Buy it o oany monday weakness. Next up, market darlings to total dog, the economy improved and walmart woke up from a slumber. Results from my favorite, dollar street. Street be rekindled . Rallies from 60 to 68, but as high as 84 earlier in the year and lately tgx roaring. Did you see those . The breakout quarter for the place i like to buy my candy. The candy aisle