But for the most part it has been an unabated rally to new record highs which jimle cramer said earlier today is making him a little nervous im a little more a little less constructive than most people the last part of this rally has been on an absence of news when all they arereally hoping for fed rate hike and maybe a tax cut. Every day i start the show with like heres what im worried about because nobody seems is as worried as i am im worried well, because, josh, the market just continues to go up it almost doesnt matter what the news is to jims point stocks creep high. Yesterday is a perfect example were up 40 points and then you look up five minutes later youre up is hundred points and finish up, you know, even better that be that. Its a bull market. Its what bull markets do. Look, in the spring of 2013 the s p surpassed its previous high. Were in year four i dont understand what the problem is we eve had corrections along the way. The russell down 30 in 2016, and weve had cyclica
Starting october fifteenth on w and online climate change. Pollution. Isnt it time for good news. At africa people and projects that are changing environment for the better its up to us to make a difference lets check. The. Farming magazine. Long d. W. Vinnies in venice the magical name of a magical city the city of a thousand bridges and canals. The city of carnivals and honeymoons known for centuries as. The most serene. The riches of the world will grow. In here on the way out to bridge and behind the facades of the promises the most glittering parties in europe took place. But the splendid sophistication of the Nation Society was only one aspect of this watery metropolis behind the carnival masks lies a history of plundering which goes right back to the origins of the city. Its history begins with a forced exodus in the fifth century many romans fled to the north away from the invading huns they were driven as far as the adriatic islands where they finally found shelter in the good
Thats right, scott take a look at the chart behind me it shows the trading days between 5 drops going back to 1950 in the s p 500 an if you discount what happened here in the 70s dont worry about that. The patterns were right here around 2,000 trading days since the 5 drop and that happened a few years ago and it happened a few years ago, and it happened many decades ago in the 1950s, so this pattern happens over and over and over again, and were due for a big drop its very different than the markets weve seen so far. We are due for a 5 drop but if you look at the flipside, the other side of this chart were due for a 5 move in the positive direction its the same thing i can delete these circles start again, but here you go, right here, almost 3,000 trading days since the 5 rise in the market and thats a pattern again and again and again that you see its like a earthquake seismograph, the behavioral patterns in the markets repeat themselves and here we are again, kind of due for a big m
Come next year, we will probably have the ecb with a stable balance sheet, and we will talk about Interest Rate movement after that. Anna welcome to bloomberg daybreak europe, our flagship morning show from london. Manus another day, another set of Earnings Results coming for. Lets go to commerzbank, germanys secondlargest bank. Operating profits, 314 Million Euros. That is confirmation that the turnaround plan is indeed having a good start. They confirmed their fullyear outlook. Loanloss provisions just below where we would expect. 196. 5 million. When it comes to net income, this is the storm. 217 Million Euros. The market had penciled in 74 Million Euros. The bane of European Bank ceos lives, capital 12. 5 . The target is 12 million customers by 2022, shareholders gave them a d rating, but a good set of numbers. Just think back to september. Is validation of strategy 4. 0. Anna we will be speaking to the cfo later this morning. He will join the team on surveillance. Matt miller is o
Asia overnight, next actions. The hang seng the hang seng and Changi Airport minicam kospi are down. North korea threatening a Nuclear Attack against the United States if provoked. The latest on the escalating tensions coming out. The manhunt for a cop killer in this area intensifies. A rookie officer at army veteran was fatally shot during a routine traffic stop. Extreme weather causing major damage from the south to the northeast. Cars flipped, buildings destroyed and we will have the latest. The hbo hack gets worse. North east, east to west, and the south and in the north. Would stand in our way, we will defeat it. Posted online at demented game of thrones script details. Hackers are looking for a massive ransom team. Mike trout marked his birthday with a career milestone. He knocked his 1000th hit. Its how he celebrated making all the headlines. All of that coming up this morning. Well could politics political reporter caitlin joey burns. Kelly and partner in wall street journal wa