Orroad m our road map begins with a 4. 5 gain for the s p. The ipad air hits apple stores around the globe today and the lines have already formed. But but we have one on set right now. Lower refining margins again. And thinking outside the box, the Container Store makes its nyse debut today. Well talk about the ipo coming our way. Score one for the bulls in october. The dow and s p hitting record highs, dow up 2. 75 , the s p rose nearly 4. 5 , nasdaq up nearly 4 as well. We know about october. The first trading day of the month this year has traded negative only twice in april and may and we all remember the very first trading day of the year, that 300 plus point gain for the dow, jim. It seems like the old days when we used to call it Mutual Fund Monday we used to have and at the beginning of each month there would be contributions for 401 ks. Is it continuing . Is it back to that . I still dont see a lot of individuals who embrace the market. Thats empirically too difficult to refu
Last shutdown because its an incredibly illuminating way to explain how more perfect the market has become in processing information. First some background. I got hired by Goldman Sacks a couple of years before gloria. I was an early riser getting into work early to find out how to help my clients and finding new clients. You didnt get much in the way of information. Wall street journal, new york times. This was before the web. So i used to go to times square at 9 30 p. M. The night before to get what was known as the bulldog edition of the new york time times. That give me enough time to scramble the jets and find out what deals were being done. The take yofrs were always in the bulldog edition. Once at work, i didnt have access to anything. Nothing that goldman sack maman didnt have we didnt have anything that was available before 7 00 a. M. An 8 30 meeting revealed what merchandise was for sale from overseas, but it was inconsequential to because most people didnt want to buy over t
For the president S Health Care law called of course, obama care by many. The bill has then has to pass the senate where the democrats are in charge and defunding obama care is not going to happen. So everything cog stall and if congress cant settle on a compromise or at least a stopgap measure to fund the government when october 1st arrives, the government shuts down. Now, before the vote, the house held one last debate. Minority leader nancy pelosi was not happy with the order of the house. This place is a mess. Lets get our house in order. We are legislators. We have come here to do a job for the American People. And that job means we have to make the government run for the good of the people. We are not here to expand government. But were not here to eliminate government. If the idea is to limit government, lets Work Together to do that. But what is brought to the floor today is without a doubt, without a doubt a measure designed to shut down government. The president S Health Care
Another gap-up to start off Tuesday. Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable. Don’t Forget: We recently noted the long-term performance of the S&P 500 (and what that means for investors and traders), and we also took a look at some longer-term setups for those interested. Our View It has been
Another gap-up to start off Tuesday. Follow @MrTopStep and @BretKenwell on Twitter and please share if you find our work valuable. Don’t Forget: We recently noted the long-term performance of the S&P 500 (and what that means for investors and traders), and we also took a look at some longer-term setups for those interested. Our View It has been