Rally here dow surging 260 points s p rising 1. 5 and the nasdaq gaining 1. 78 . Because mario draghi recognizes the low to no level of Economic Growth was just unacceptable. So hes throwing a trillion euros at the problem to stimulate the more abundant economies, even if it means taking down a lot of debt so more products can be sold overseas. Will it work . Oh for heavens sake who knows. The fact is six years after our central bank decided its not acceptable to have high unemployment, the europeans, maybe even the germans, theyre getting the message. Hey, worked for us. Stop debating that. It did. Could work for them. Its occurring not a moment too soon, though. You will hear a lot of whining from people who clearly dont own any stocks this is all bad. Where will it lead to interest lates are too low. Theyre too low already and this is papering over the problem. I could care less. Im here to help you make money. Im no professor. Let me explain something. We are so lucky in this count
Stocks. That way you can be ready for days like today, where the market flies, with the dow soaring 212 points, and the nasdaq climbing 0. 13 . Go back and think about yesterdays Late Afternoon pummeling. Or at least try to remember what caused it. Some European Central banker arguing with some greek politician. That kerfuffle gave you a chance to pick up Great American stocks at prices much cheaper than you otherwise would have gotten. We all get flyers in the mail with coupons. I get ones from costco. Im eyeing this 60inch tv for 1,300 bucks. But lets say i go in and pick it up and see these shirts that are on sale for 35 smackers. Thats ridiculous. I see that sale and i have to buy those shirts. I dont say, wait they lowered the price because somethings wrong with the merchandise. I dont think, wow, zainya i cant pick those up because tomorrow they might be worth even less. No, i think, ive discovered a sale i wasnt even counting on. Next thing you know im buying the tv and the shir
In one of those sell, sell, sell moments. Where the pain is pal bl. If you own stocks even stocks, youre losing money. Dow tumbled 333 points. S p plunged 1. 7 0 . Nasdaq nose dived 1. 67 . I bet you they dont have me back ringing the bell any time soon. Our mad money team got to partake in a tremendous honor. Thats the ringing of the bell on the floor of the New York Stock Exchange as part of our 10th anniversary week. It is worth going over why people are selling stocks. And why i cant blame anyone for wanting out. Even though theres nothing truly earth shattering happening. Nothing that would make me want to yell fire in a crowded theater. Before i go over todays action, lets recall that in 2007, and more importantly in 2008, i did actually yell fire quite a bit because an inferno was first smoldering then raging. To sit there calmly and let your portfolio be burned to a crisp made no sense to me back then given you could get out of the theater while the getting was good. So for tho
This is our show tonight. Now it is time for john stossel. John i like to gamble. We want to bet on whether Hillary Clinton will become president with the stock market will go up on thursday . I will take any bet as long as the odds seem fair. Supposedly more than 100 million americans filled out march madness brackets. Totaling about 12 elion, thats more than the super bowl. And according to our new reading of federal and state law, betting on those brackets is illegal. It is illegal in nevada and montana because of an old law and a smalltime pool among friends that are allowed in vermont and connecticut. Otherwise betting on march madness is a we illegal. So why even have a . Because it makes some people feel good . Should betting on sports be allowed . Never. It encourages people to spend money. I really think that this is a fundamental moral issue and you have to make a stand here, even as i am standing now. It causes people to lose control. Patrick basham says chill out. He says g
This is our show tonight. Now it is time for john stossel. John i like to gamble. We want to bet on whether Hillary Clinton will become president with the stock market will go up on thursday . I will take any bet as long as the odds seem fair. Supposedly more than 100 million americans filled out march madness brackets. Totaling about 12 elion, thats more than the super bowl. And according to our new reading of federal and state law, betting on those brackets is illegal. It is illegal in nevada and montana because of an old law and a smalltime pool among friends that are allowed in vermont and connecticut. Otherwise betting on march madness is a we illegal. So why even have a . Because it makes some people feel good . Should betting on sports be allowed . Never. It encourages people to spend money. I really think that this is a fundamental moral issue and you have to make a stand here, even as i am standing now. It causes people to lose control. Patrick basham says chill out. He says g