S p backs up. 2 . Would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap, but are right. A discipline that will be tested in the next few days, at last because of todays last hour selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigor to recognize what the market actually wants, though, not necessarily what you want. The dichotomy that says you would rather have a portfolio that is hated by the intelligentsia and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i caught a terrific advertisement for amazon. It was incredible.
S p back 7. 2 . At jim query, would you buy amazon here . My quick response, two very different questions, yes and no. Thats right. Yes, i would buy amazon. No, its not worth 400. Welcome to the world of bull market discipline. The discipline to buy stocks that arent cheap but are right. A discipline that will be tested in the next few days. At last because of todays last hour 7 selloff sell, sell, sell that shook people out of their complacency. Im talking about the rigger to recognize what the market actually wants, though, not necessarily what you want. The dichotomy says you would rather have a portfolio that is hated and making money than be bound by concerns that may not be as relevant as they should be. Lets start with amazon, which hit at an alltime high today, 399 before being repelled along with many other stocks by waves of afternoon selling. This weekend on the most watched news program in america i called it a terrific advertisement for amazon. It was incredible. A film ab
The next minute its good. Oils bad. Sell, sell, sell. Wait. Oils good. Buy, buy, buy. Housing is horrendous. The house of pain. Wait a second. Housing is fabulous. Transports are awful. Or maybe theyre terrific. Hallelujah perhaps we should dispense with these sectorbased labels and Start Talking about individual managements, individual companies, and execution. This earnings season weve seen a remarkable divergence in individual sectors, more than weve seen in 25 years. We believe stocks in the sectors should trade in unison, were missing important opportunities to earn the stocks of companies that are deliberate. Rather than etfs meant to capture broadbased moves. Those arent working. Weve become so conditioned to playing certain trends with certain stocks that we forget sometimes the facts about the actual companies can get in the way of the stories. You know why that is . Its because the performance of management varies tremendously from company to company. Some guys get it while o
Oils bad. Sell, sell, sell. Wait. Oils food. Buy, buy, buy. Housing is horrendous. The house of pain. Wait a second. Housing is fabulous. Transports are awful. Or theyre theyre terrific. Hallelujah perhaps we should dispense with the sector based labels and Start Talking about individual managements, individual companies, and execution. This earnings season weve seen remarkable d remarkable divergence in individual sectors in 25 years. We believe stocks in the sectors should trade in unison, were missing important opportunities to earn the stocks of companies that are deliberate. Rather than etfs meant to capture broadbased moves. Those arent working. Weve become candidate to playing certain trends with certain stocks we forget sometimes the facts about the actual companies can get in the way of the stories. You know why that is . Its because the performance of management varies tremendously from company to company. Some guys get it. Others guys dont. Take the most glaring example, cat
By 4 dollars and oil edged up 73 cents. Jobs economist predict 195thousand jobs were added to payrolls last month. And the Unemployment Rate will tick down to 6. 6 . Mozillas ceo resigns under pressure. It was revealed he donated 1,000 dollars to gay marriage ban in california in 2008. Chris gersch is our trader du jour on this jobs friday. Happy friday to you chris. Happy friday. Good morning angie. So here we are waiting for the jobs numbers for the month of march. Whats your anticipation . It can go either way. A lot of traders are speculating 250 thousand jobs added that could be more of a hawkish scenario for the fed. If that does happen i think youre going to see a initial rally and maybe a bit of a pullback going into the afternoon. What did you make of the comments yesterday from ecb president mario draghi . He was talking stimulus and it seemed as though the stock market had a case of the jitters on his comments. Mr. Draghi did cause the jitters. You hit it right on the head a