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They re just predators How brokers make big money off people seeking addiction treatment
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They re just predators How brokers make big money off of people seeking addiction treatment
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to move this market higher. we ll look at that coming up, maria. and once again, of course, it s a lot of fed induced buying. today we re talking to former federal reserve governor kevin warsh weighing in on whether the stimulus measures are actually keeping inflation too low. his take on whether the fed might dial it back. all right. let s get you caught up on the markets. how they re trading today. it has been a gradual rise higher all day. we re sitting near the highs right now. the dow up 120 points. it was 132-point gain. we need to get around 14,865 to get an all-time high. we re not there. we are there let s see. for the nasdaq it s a 12-year high. got to keep all these records straight here. the nasdaq any second now we ll show you the nasdaq, i think. there we go. up 33 points at 3312. a 12-year high. you can see sideways action for the last couple hours. there s the s&p. 1595 is right about at t all time high, previous all time high. we re waiting to see if we
brewi brewing. we re going to look at the potential financial impact later on this hour. first, here is a look at how things stand right now. we re waiting for friday for ben bernanke this is one of the biggest interday moves of the session, it s been literally zero at some points in the day. the nasdaq has been hoovering around the flat line as well. it s higher, and for the s&p 500, it s higher by more than a little more than one point. so u.s. consumers have spoken already. consumer confidence at it s lowest level in ten months as job concerns became more pronounced in this period of time. plus, the euro zone crisis is heating up, so much so that ecb president mario draghi says he is skipping the meeting to hash out solutions. so are all of these good reasons for investors to take profits right now. rod smith joins us and lincoln ellis, craig hodges, i ll start with you. what s the big feature you re watching today. this is on a very quiet week. a lot of people on
line as possible. and they think my job, and the job my corporate council should be is to tell me how close to the line i can get to maximize my profit without going over the line. the problem with that is is it is a dangerous game to play. it s like a person trying to find a way to have has much to drink as possible in a bar, but not get a dui. if you re really clever, smart, good about figuring out what you ve eaten and the alcohol in the drink, and you re smarter than all of the people in the room. i suppose you can do that for awhile, but how long will it be before you blow the limit and you kill someone on the highway. after making points like that, and i get a question that s often asked seriously and it amazing me, they say you talk about how important it is not to cross that line and not cross the line, so how far from the line do you recommend we stay? and i say you know three and a half feet is the good distance. and it s obviously the wrong question. if you focus a
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