Nasdaq diving 3. 03 . Thats the worst start for the dow ever. You can go back to 1928. Dow has never been down more than 5 until now. It is the worst trading days for the s p as well at the beginning of the year. Throughout tonights show im going to talk about the proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about t
Proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about to pull the trigger on rate hike but they thought better of it. Now then theyre buying. They have chosen to make one input matter more than any other rates and thats the only input. Its not that noise is plummeting and easing inflation. Its that hiring is good which
I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Since then this horrendous sell off in china. Its silar tthe destructe force that dcended un our marketlast augt. Backhen ifou recl thfed was out pull e triggeon ra hikbut they tught betterf it. Now th tyreuyin they he chos to ke one input tter me than a oth inheir disio to rae rateand that thenly inpu plumting andasing flatn. Itshat hiring is od which meanif we get a robust employment number tomorrow morning we could finourselve do subantially becauset wod mean more talk thathe fed must ti
It is the worst trading days for the s p as well at the beginning of the year. Throughout tonights show im going to talk about the proximate causes of going down. I do not like this market. I said from the moment that the fed started tightening that from now on we will be fighting the fed. Theyre not our friend. Theyre not our mortal enemy but theyre not our friend. Ever since the bottom in 2009 the fed was there to help us, or at least not hinder us. Were down 6 and we would finally be free of the chatter about what would be their next move but no sooner did they raise rates than they began to tell everyone that their job is beginning and might tighten as many as four times this year. Sincncthen this horrendous sell off in china. Its similar to the Destructive Force that descended upon our markets last august. Back then if you recall the fed was about to pull the trigger on rate hike but they thought now then theyre buying. They have chosen to make one input matter more than any other
Week spectacular change of policy. Good morning, everybody. Welcome to the pulse and welcome to davos. We are live from the World Economic forum right here in switzerland. And it is i would like to say it is warming up. You are an optimist. We have a lot of ceos here. They see some positive things. They see the oil price having an impact. They see easy money continuing for longer. They are focused on what is happening with the ecb. I think oil is the real standout story. For me, it is indecision. Last year, the participants seemed to have a better handle on the situation. Here, they are more lax. There is a lot of uncertainty. The same for keeley. They cant figure out the impact. The pace is what is confusing them at the moment. The oil price has come down so fast. The swiss franc went up so fast. That is what freaks them out. There are a few black swans flying over davos. It is going to be interesting to get a take on that. South africas Central Bank Governor is going to be joining us