Lets begin with the markets today. The dow marching closer to that 20,000 level as everything from the transports to small caps, nasdaq hitting record highs today. Josh, what, if anything, is still cheap is the question i pose . You have 40 new stocks hitting 52week highs in the s p today. You had 112 yesterday. Is anything cheap enough to buy anymore . Let me start by saying this is a great environment for people who didnt panic during all of the big bad event that is we had this year starting from the things that went on in january and february related to china, continuing through, you know, the brexit drama this summer, italian referendum. The election here. If you stuck to your guns skpurks owned cheap stocks, you are doing very well. Value is outperforming substantially. Small caps that couldnt get love for two years are also doing well. I dont understand why we would say that thats going to stop. The its important to point out the four best sectors in the s p were all negative in
Flash Flood Warning until 10 30 tonight and this basically means some of the small creeks, rivers and streams may actually be flooding at this very moment. Those of you that have the rivers and streams behind the house, you know who you are and need to be monitoring that because that water could be rising fast. We may get some mud and debris flow with some of the excessive run off and a last point before i leave tonight, if you aprep standing water in your car, i know its tempting to drive through it, but you got to turn around and go the other way. Flooding is the number one killer when it comes to weather. Weve seen the pictures and video tonight. Anyone in the santa cruz mountains, approach the water turn around and go the other way. Coming up in about 15 minutes or so, well talk about when we could be expertiiencing ice kiy conditions on the road. A lot of concern in the mountains rig mountains. Mudslides in the area ravaged. Ian cole joins us along highway 17 at the summit, ian .
Quiet. But you want to get in the car, where it is warm. Also, give it a chance to warm up, too, it is just that cold outside. One of the mornings, slow start, and your car will do the same. Storm scan, at least that is quiet. It is pretty much clear. Because of the clear skies, and of course the arctic air, that settled into the region for the day yesterday. Man, was that vicious wind, feeling broughtly cold outside. Actually this is the time frame, folks, thats going to be the coldest out of this little snap, lock at the actual air temperatures, currently at 16 degrees, add it up in philadelphia, but lets go ahead, factor in the west winds flow 18 miles per hour, shall we . Here whats it actually feels like, oh, boy. Yep, i mean, this is really rough stuff. So please make sure that you are a bundle up adequately. Probably going to have to knock about 10 degrees off any time the winds blows throughout the day good news, if there is a silver lining, worse of the winds will taper off to
Christmas eve after five hours. Are you off next week. We are. These two are like school kids. I get to go home and put my pjs on for a whole week. As a matter of fact, i may be staying in the bay area. But the weather is going to be people are going up to tahoe. Lets bring steve in. Steve, people are going up to tahoe might get a little snow in the lower elevations. That is correct. It is starting to fall in the lower elevations. Some of the heavier rain has moved off and lightened up. Lots of fog, very cold temps are filtering in. We have a ways to go. There is the band that went through. 6 00 to 8 00 this morning. Still coming across. There are some areas of rain. That will continue throughout most of the day. There are advisories for snow from Northern California to oregon. Into nevada, up and down the sierra and even down to the grapevine. All right. Winter weather advisories even in the apartment barbara mountains and the mountains of ventura county. Really down in the grapevine.
This rain has been a boon for us. It is, well get to the colder temperatures expected tomorrow morning but were learning the new information that all the strong and seasonal storms like we have had today has made a Significant Impact on the drought conditions. Im going to show you the drought right now, a lot of red in central and Southern California. That is extreme to the central drought. But as we zoom in, notice the area that is not shaded any more. That is the zone that according to the u. S. Drought monitor is now officially out of the drought. Again huge news for us, it includes portions of the north bay all the way down to the San Francisco and also against the immediate coastline. Again, those areas not under drought at the current moment. We still have a lot to make up for back here at the east bay and south bay but already off to a strong storm as we have been mentioning. So now our attention turns to the cold, 41 in walnut creek, 40 in napa, and petaluma, 40 in San Francisc