Some very exaggerated moves. Even as the averages might not seem to be doing much. Dow dipping 42 points today. S p declining. 26 . Nasdaq losing. 09 . Its all underneath the surface. The moves were all over the map and the volatility was insane because the expectations are moving to be totally off base in so many different cases. The best example, twitter. Ive been telling people to cool it already about the stock. Dont get too excited about new features or the new jack dorsey regime because the ceo just got started. This thing cant be turned around that easily. I even lost my cool this morning. It says people should just give the guy a chance and not bet on the near term. No, expectations got ridiculously high. Many say jim if you do like three more periscopes cant that be additive to earnings . No. Guidance is weak. Things just got out of hands. Stocks can drop to the low 20s in august. Incredibly bizarre expectations for the Largest Company in the world, apple, which reporting this
From alibaba. Back on october 8th the stock up 67, down almost 50 from its highs leaving shareholders that bought it on the ipo and all the way up leading from the eye balls, founder urged investors to think longterm because the company is doing extraorornarily well. Since then alibaba stock has been off to the races. When the Company Reported a spectacular amount of money this morning, the stock immediately rallied six points right from the get go. However then alibaba sold off. In part because the market slid but also becausexpectations were easily trumped and there was a second more important consideration. The stock anticipated this good news so with a aexcessive move ahead of itselel the expectations were blown away the stock figured it out. I was convinced if you buy yahoo as a proxy for alibaba given its stake in the cocoany you get whats left of y yoo itself after it distributes its position to shareholders. Right now yahoo is being valued as though its worth next to nothing it
People shopped over the holiday weekend. Almost equal numbers visited physical stores and online outlets. Well have much more with our veteran industry analyst dana telsey will join us in 20 minutes. Before we do that, lets take a quick check on the markets. U. S. Equities at this hour, dow opening up 27. 5 higher. Nasdaq up 6. 5 higher. S p 500 at 1 point. Lets tell you about global news this morning. World leaders arriving at a u. N. Sponsored summit on the outskirts of paris today. Amid heavy security. The meeting will focus on Climate Change. New this morning, the u. S. Embassy in afghanistan putting u. S. Citizens in cab bull on high alert. Officials warning that the embassy has received credible reports of an imminent attack in the next 48 hours. Americans in kabul are being urged to exercise extreme caution in moving around the city following the paris attacks earlier this month. The u. S. State department issuing a travel warning advising americans not to travel to afghanistan.
S p declining. 26 . Nasdaq losing. 09 . Its all underneath the surface. The moves were all over the map and the volatility was insane because the expectations are moving to be totally off base in so many different cases. The best example, twitter. Ive been telling people to cool it already about the stock. Dont get too excited about new features or the new jack dorsey regime because the ceo just got started. This thing cant be turned around that easily. I even lost my cool this morning. It says people should just give the guy a chance and not bet on the near term. No, expectations got ridiculously high. Many say jim if you do like three more periscopes cant that be additive to earnings . No. Guidance is weak. Things just got out of hands. Stocks can drop to the low 20s in august. Incredibly bizarre expectations for the Largest Company in the world, apple, which reporting this evening gave us good earnings. We got lots of whispers. There was a massive slow down in phones because some ge
To its lowest reading in 5. 5 years. Bypanies are being heard economic sanctions, a falling ruble, and weak demand rid and weak demand. Hospital areal not talking about the patient system symptoms. 6. 2ress is approving a Million Dollar request for treatment. The president spoke while visiting the Vaccine Research center. The urgency remains because if we are going to actually solve this problem for ourselves, we have to solve it in west africa as well. Almost 6000 people died from the recent outbreak of ebola in west africa. Obamas choice to be defense secretary is an expert on the pentagons budget and weapon systems. The president will nominate ashton carter, who spent those careers as he has been the militarys top weapons buyer. John mccain says he does not expect carter will have problems being approved by the senate. Another record for u. S. Stocks. The dow had a tough morning, closing 17,880. Give the credit to oil prices and stabilizing markets around the world. Chevron werend b