Week. I think its important to get in the machine and do precisely that. Why . We are way to quick to call the end of the world in this business and we almost invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . Hallelujah during this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points oer just six straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heart pounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market was plain collapsed in a way that totally freaked us out. The communist government lost control of sto
Invariably fail to acknowledge the sheer resilience of this amazing market. Including today dow inching up 18 points, s p advancing. 20 . Nasdaq gaining. 30 . . Hallelujah . During this week in 2015, we were assailed by a combination of fears that led to a decline of nearly 2,000 dow points over just 6 straight trading days. 17,545 down to dow 15,666. Including one day where we shed more than 1,000 points. Before an afternoon rebound trimmed the decline to a heartpounding 588 decline. It was a stunning meltdown back then. Go back to the darkest days of the Great Recession of 2008 to find a worse stretch. For those who dont remember, there was so much going wrong all at once it was hard to comprehend. First the chinese stock market the communist government lost control of stocks over a frenzied period of speculation. The shanghai composite plunged to 2,965. After its already hideous fall from 5,178 earlier that spring. Back then we feared china was experiencing the great the Economic Gr
11228. The same level just before the data hit but once again this came after the german data fell into deflation territory for the first time in 8 months. The spanish data din look very good and it should be a headache for the ecb Going Forward. We know this is down to the continued drop in prices. This is very much a temporary phenomenon but will there be more qe on the cards . Thats the question. We did see a seesaw session yesterday with the dow with a trading range of 177 points. Lets take a look ahead to the final day of the quarter and the month. S p 500, the implied open is telling us were up some 19 points. Dow jones industrials. Were about 180 points above fair value so we should be up triple digits. 178 points higher. The nasdaq also seeing gains at the open today. Maybe up some 54 points and change. Lets show you the month, probably a month to forget because we are tracking for the worst month for the s p 500 since the Third Quarter of 2011 and historically the last day, se
Its one, two, three strikes hes out at the Old Ball Game and what the team did to help him. Come on, guys. Its not as easy as it looks. Apparently not. Kind of a helpless yankee fan there, bam oh, well. Oh. Oops. Oh. Oh. Right in the glasses. Oh, my goodness, its a busy wednesday morning. In just a minute kim davis on that secret meeting with the pope. You see her right there and it is a wet day here in new york with a lot more to come. Right to the weather. We begin with that massive storm churning in the atlantic. Joaquin picking up strength as it moves towards the east coast as a hurricane warning is issued this morning for the bahamas. Ginger following its path and this one could be a big problem. Now we have got hurricane joaquin. 75 Miles Per Hour moving southwest at six miles. Lots of warm water. We got hurricane watching and warnings for central and northern bahamas and rip current and advisories from kousle south carolina. Its very slow and moves slowly and could go up to cate
Him. Come on, guys. Its not as easy as it looks. Alrntsly not. Bam. Oh, well. Oh. Oops. Oh. Oh. Right in the glasses. Oh, my goodness, its a busy wednesday morning. In just a minute kim davis on that secret meeting with the pope. You see her right there and it is a wet day here in new york with a lot more to come. Right to the weather. We begin with that massive storm churning in the atlantic. Joaquin picking up strength as it moves towards the east coast as a hurricane warning is issued this morning for the bahamas. Ginger following its path and this one could be a big problem. Right, so max sustained win, 70 Miles Per Hour with joaquin drifting westsouthwest at only six Miles Per Hour. Hurricane warnings for the central and northern bahamas and rip current and advisories from coastal South Carolina to miami. Our confidence is high through friday. Its got hot water. It will develop into a hurricane. Could even become a category 2 through friday into early saturday. After that, things