Underestimate senator mcconnell and his ability to corral maybe as many as 20 republican senators who believe that we have a vshaped recovery which of course is what President Trump has been saying. Its the senate that we look to, i think all discussions between secretary mnuchin and Speaker Pelosi have not borne fruit. One of the things i think they havent borne fruit because the republicans simply are not in favor of giving the states money. Speaker flossy wants to give many different businesses and states money because they are all strapped will this matter to that i dont think so i wish it would, i mean, in business i think it would, but not in politics. I feel, david, when i look at these numbers and i look at whats happened to the president , of course, we wish him well, i think that somehow nothing comes together in washington that you would think. Theres not a kind of a sympathetic lets get together, lets stop the war of words. It just doesnt happen like that anymore. No. There
Highs if. The chart master says has even more room to run. First an historic week of stocks. All four of the major indices near record highs. The s p 500 and the nasdaq posting their fourth straight week of gains. We thought it would be a Perfect Little trade it or fade it names would you either keep buying or names that would you cut losses on. Lets check out the biggest winners on the do you. Cisco up 7 , pfizer, boeing, jpmorgan up 4 . Do you trade or fade theser . One buy, one save. Quickly. Quickly. I like boeing. Ive liked boeing for a while. It made an all time high today. Valuation, people say it is stretched. I disagree. The favorite is proctor and gamble. Too rich, too. Too fast. Not a high beta stock. A high had market cap stock. It is a huge deal. Doesnt this tell that you there is no Pricing Power . These guys are not going to top line. Theon way to do it. It is almost out of desperation. In p gs stock, this is 20 a share or so. I think thats the one you fade. Oh, he fades
Panicking panicking, the next time youre thinking about selling into the crowd, think about what happened this week and remember that panic is never a strategy, given that we all ended the week in a positive note. Nasdaq climbing 4. 41 . And amazingly, the best week of the year. Still, people certainly panicked on monday, that was the second big down day after brexit. Upon was the seventh biggest day of redemption on the stock market in the last ten years, seventh. 9. 5 billion pulled out of the Global Equity funds. No matter how hard that i preached that nobody ever made a dime from panicking, and selling on monday was pure panic. People cant take it. They dont fknow what they own. It was right to minimize its impact on u. S. Stocks. The companies away from the banks, Interest Rates did get hurt. Sum total of little significance. However, we caught a classic, emotion out rout. You had to buy, not sell. Or at least you had to stay put. All right, what were the news cues that the market
In this darn thing . You get money falling into your lap from mergers, from acquisitions, and from incredible rallies in high Growth Stocks hall lieu wra despite concerns what the Federal Reserve may do, and thats something that weighs on the market every single day, the dow leaked out a 46point gain. S p advanced, as analysis dabbled climbed to an alltime high. The reasons . I think its the endless merger activity. These two groups keep the market from rolling over. Even when you expect after a weak employment number friday . A ton of pes millennium . Or negative numbers this morning . Youve got to admit the negative case does have some merit. But lets consider todays action. Lets start with the blockbuster, that the giant company could snap up monsanto. Listen to me, the idea that you can own a stock like monsanto when it could be on the verge of getting a 127. 50 bid, i find it remarkable. Frankly monsanto hasnt been doing all that well. Prices for all sorts of Agricultural Commodit
Growth stocks . Halleluia . Despite concerns what the Federal Reserve may do, and thats something that weighs on the market every single day, the dow leaked out a 46point gain. S p advanced, as analysis dabbled climbed to an alltime high. The reasons . I think its the endless merger activity. These two groups keep the market from rolling over. Even when you expect after a weak employment number friday . A ton of pes millennium . Or negative numbers this morning . Youve got to admit the negative case does have some merit. But lets consider todays action. Lets start with the blockbuster, that the giant company could snap up monsanto. Listen to me, the idea that you can own a stock like monsanto when it could be on the verge of getting a 127. 50 bid, i find it doing all that well. Prices for all sorts of Agricultural Commodities are being crushed, but these companies could be go ahead ahead with the merger anyway. To me its about the ability to bet against stocks. Remember unlike most ret