Have less to fear if theheed raises because the fed will probably not hurt the economy when it does what its going to do in less than two wes. With that in mind we should be back to picking stocks in the expectation that theyll go o higher if the numbers are good and lower if the numbers are bad. Who knows . Maybe we could even leave crazy town soon afterwards. It is too nutty even for me. Terry in pennsylvania, terry. Cal`er jim, a great big booyah from scranton pennsylvania. Man, thats where my grandfathers relatives went. Fabulous town. Caller come on up to our parade some day. Scranton is beautiful. Underrated. Caller it is. Its not real through. Go ahead. Caller thats right. Listen my ughter has some cash and is looking for some longterm investmemts. She is thinking about bp but im afraid theyre going to cut their dividend and the stock you mentioned a good thing. Long. Term investments and one of the things that were seeing is a revulsion to all fuels for the longterm. So terry w
Maybe it doesnt matter that much. Its almost as if were in some sort of weird post Industrial Society where we have accepted the fact that our country has already lost enough industrial jobs that any pain in that sector from a rate hike will be minuscule in its impact in the overall economy. Thats amazing. I mean, look, if this were 20 years ago i would tell you that we would go into recessions. Its a sad statement that theres not much industrial in this company but thats the way it is. Were now operating under the assumption that everyone with a pulse knows that the fed is going to raise rates and well just have to wait to see what it says in its commentary when it happens and its going to happen in a couple of weeks. A one and probably done for awhile statement accompanied with that rate hike will probably give us plenty more days like today. Until then, lets proceed with a business attitude and go to the so next monday, after the close, we get earnings from h and r block. Heres a co
Hacking of sony is not an act of war, so what options are on the table to deal with a rogue nations attack on an American Company . All this and more tonight on nightly Business Report for monday, december 22nd. Good evening, everyone. More rallies and more records on wall street today. The dow and the s p 500 closed at new highs as investors went on a buying spree on this holidayshortened week. Why all the enthusiasm especially on a day of weaker than forecast housing data and another sharp drop in Energy Prices . Well, it looks like investors are still upbeat and hopeful about the markets going up in the new year on that Federal Reserve promise to be patient before raising interest rates. Heres the tally at the closing bell today. The dow jumped 154 points, getting closer to the 18000 level. And with the blue chip utility index also setting a new record. The nasdaq was up 16 and the s p added nearly 8 points posting its 50th record close this year. More now on the latest sharp drop i
War, so what options are on the table to deal with a rogue nations attack on an American Company . All this and more tonight on nightly Business Report for monday, december 22nd. Good evening, everyone. More rallies and more records on wall street today. The dow and the s p 500 closed at new highs as investors went on a buying spree on this holidayshortened week. Why all the enthusiasm especially on a day of weaker than forecast housing data and another sharp drop in Energy Prices . Well, it looks like investors are still upbeat and hopeful about the markets going up in the new year on that Federal Reserve promise to be patient before raising interest rates. Heres the tally at the closing bell today. The dow jumped 154 points, getting closer to the 18000 level. And with the blue chip utility index also setting a new record. The nasdaq was up 16 and the s p added nearly 8 points posting its 50th record close this year. More now on the latest sharp drop in Energy Prices after saudi arabi
Hacking of sony is not an act of war, so what options are on the table to deal with a rogue nations attack on an American Company . All this and more tonight on nightly Business Report for monday, december 22nd. Good evening, everyone. More rallies and more records on wall street today. The dow and the s p 500 closed at new highs as investors went on a buying spree on this holidayshortened week. Why all the enthusiasm especially on a day of weaker than forecast housing data and another sharp drop in Energy Prices . Well, it looks like investors are still upbeat and hopeful about the markets going up in the new year on that Federal Reserve promise to be patient before raising interest rates. Heres the tally at the closing bell today. The dow jumped 154 points, getting closer to the 18000 level. And with the blue chip utility index also setting a new record. The nasdaq was up 16 and the s p added nearly 8 points posting its 50th record close this year. More now on the latest sharp drop i