Have an exogenous event that drags down the whole mark and always say this could be the opportunity to get your toe in the water if youve got some spare money lying around yet after senator marco rubio said he couldnt vote for the tax bill the market took a hit and dow ultimately dipping 77 points s p declining 0. 41 and nasdaq edging down 0. 28 . How many took this moment and treated it as a buy, buy, buy im betting most of you didnt i dont want to get in front of this d rail freight train. Not after weve rallied hundreds of points based on the idea this tax bill will pass yet, the risk of being a pollyanna, id like to point out this is precisely the kind of event that brings out mass sellers, especially in the s p 500 stocks, well, and then creates the momentarily proverbial sale. Sell, sell, sell. On coveted merchandise you would otherwise have to chase to own and always say, look, theres a store that throwing a sale in the mall and, hey, lets get mothballs and im a buyer. Same kind
Up another, what, 60, 70, 80 as of this morning. By the time we open, the dow will be, what, about 300 points away from 26,000, another milestone. Heres that big number, put it up again, please. The value of all stocks has now gone up 7. 6 trillion since the election. And more companies are giving employee bonuses because of the tax cut. Fiat chrysler and capital one are among the 14 companies to join the list in the last 24 hours. All right. Jpmorgans chief, jamie dimon, he says tax reform is a significant, positive outcome for the country. In other words, we aint seen nothing yet. Hes americas top banker. Weve got to get to politics. Dueling comments. A vulgarity from the president thrown right into the immigration debate. Thats not going down well. A raciallycharged comment from nancy pelosi, five white guys are deciding immigration policy, she says. The multimillionaire, pelosi, also says those bonuses are pathetic crumbs. [laughter] sit back, folks. Were on a roll. Money and polit
Gop is showing incompetence with what he calls, quote, mixed signals. He compared mcconnell and President Trump to abbott and costello. Despite the restoration of a military hotline and at north talks inirst formal about two years, north Korea Remains north korea a great threat. John allens comments to reporters came before you and Security Council meeting on north korea. The council will maintain its unity in ensuring the consequences of defying International Law will be felt by the North Koreans. Because the North Koreans have an opportunity to change course. Added thatsador alan by changing course, north korea could pave the way for greater economic benefits and inclusion for its people. Scientists believe manmade Global Warming caused 2017 to be one of the hottest years on record. Nasa and researchers from berkeley rank last year second only to 2016, even in the absence of el nino which boosts temperatures naturally. The global average temperature in 2017 was about one. 5 degrees f
20 of stocks in bear market territory. 2. 5 trillion lost you have heard it all. Now i just have to keep in front of you that much of the selling we saw today was deeply related again. Made by clueless Money Managers who expect things remain calm as they had for ages. In the end, we rebounded today dow rallying 330 points and 800 points from enter day bottom we rallied late in the day bargain hunters stepped in to save it for the bulls. How will things play out going further . Lets go to the game plan next week to find out this is really important and i am going to keep my eye on funds. To see if the madness continues. These funds led the market down today and when they started to rebound, they took the market with them as much as i hate them they are useless and they are totally and completely utterly in charge and do not let anyone tell you ourselves the market insane reaction was field by reactors who made big bets and did it with borrowed money. Brokers demanded they meet more capi
Earlier. There are two kinds of trading halt, the kind caused by some sort of computer malfunction and the kind where government stops trading because stocks are in free fall and its the only way to break the velocity of the decline. Trust me you want to be in the trading hall caused by the computer crash and the New York Stock Exchange and not the one with the stock market crash namely the indices that trade in china, but you wouldnt know it judging by todays horrendous action. The dow tumbling 261 points and the nasdaq tumbling 1. 75 . There were not one, but there were two marvels today. The first was that the New York Stock Exchange went down and, i dont know, nothing really happened. Trading got rerouted to other exchanges and as painful as it is to say it got to the market was as bad on the other exchanges as it would have been in the New York Stock Exchange. I can remember a time when the New York Stock Exchange was the only game in town and this outage would have caused widespr