Consider the circumstances where the dow dropped and nasdaq is down. 04 and think about it were on the verge of escalation on the raid war and our countries is divided like no time since the civil war and the yearnings are barely expected to be up and two contenders for the democratic nominees have problem with big business and the market is still in bull market mode and it keeps climbing. First, you got to remember a year ago things seemed incredibly bleak the Federal Reserve decided to hit us with a series of rate hikes right when the economy started experiencing turbulence and it got obliterated you could see that there for most of 2019 we were rolling back to 18 losses. S p 500 got blasted from 2937, that was last october, down to 2346 at the lowest last december, pretty soon were going to annualize that when the fed got a clue and changed course, it came back like a coiled spring which is why it is now at 3135. Boom fed gets religion, boom like that of course i dont want to blame
Have an exogenous event that drags down the whole mark and always say this could be the opportunity to get your toe in the water if youve got some spare money lying around yet after senator marco rubio said he couldnt vote for the tax bill the market took a hit and dow ultimately dipping 77 points s p declining 0. 41 and nasdaq edging down 0. 28 . How many took this moment and treated it as a buy, buy, buy im betting most of you didnt i dont want to get in front of this d rail freight train. Not after weve rallied hundreds of points based on the idea this tax bill will pass yet, the risk of being a pollyanna, id like to point out this is precisely the kind of event that brings out mass sellers, especially in the s p 500 stocks, well, and then creates the momentarily proverbial sale. Sell, sell, sell. On coveted merchandise you would otherwise have to chase to own and always say, look, theres a store that throwing a sale in the mall and, hey, lets get mothballs and im a buyer. Same kind
Same way they have in the past decade. And will talk more about why this is. Make sure we discuss what our response is going to be to this evolving problem. Weekrchers just last published a major scientific report. The report made it clear if we are ever going to get ahead of the problem the Forest Service needs to respond to wildfires in a fundamentally different way. A self reinforcing cycle of counter effective actions. The same keep using tired approaches we have for the last 100 years. We need to make sure we are focused on getting different results. Common sense tells us our response these to be modified now that the problem is different. The Service Report does a great job tell great job summing up what the report needs to do. Altering the current trajectory will require a total system transformation. States thebluntly status quo increases losses we suffer from wildfires and significantly affects the ability to meet the core mission. We need new solutions. My chairg to work with
They were quite organized. They smell a lot of pot in the air, starting to see more people with their faces covered. And then at one point, someone got into Police Officer faces. We saw pushing and shoving going on. And then a couple of punches were thrown at the officers. The officers then pulled at least one man over the wall and he was subsequently arrested. Now the Police Department has told us throughout the course of the day thatly will have a zero tolerance policy for anything that happens out here. I want to show you kimberly. Just a short time ago, the rally let out at the Convention Center. They decided to let all the people inside the rally exit on the opposite side of the Convention Center. The san diego Police Department is funneling all the time who wept to this rally down at least three or four blocks away from the protesters. Obviously a good time. Since that time there have been some volatile moments. You do see some pushing and schuing every now and then. And at least
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