Goes on every day among professional Money Managers who are trying to figure out where next to invest their cash. And we saw it play out huge today, dow surges 165 points. S p vaulted up, and nasdaq 1. 45 . So a sure sign that the big boys are liking what they see and willing to pay more for it than just last week. I know that many individual investors like you at home now think their money should be put strictly in the index funds or of etfs and im in very in favor of index funds. Remember, you should put your first 10,000 in an index fund so you can get the benefit of diversification. I prefer the s p 500 index fund. It doesnt have to lower your reward and once you saved enough money of individual stocks i have to say im not a big sector oriented etf man. I say many of the etfs arent being created for the benefit of you, the investor. s its so the issuers can make money off them. Frankly, theyre pickoffs. Products created to take advantage of whats hot, like the restaurant stocks. Cy
Oriented etf man. I say many of the etfs arent being created for the benefit of you, the investor. s its so the issuers can make money off them. Frankly, theyre pickoffs. Products created to take advantage of whats hot, like the restaurant stocks. Cyber security. I have seen tons that are only meant for day trading like the commodity etfs and never lets us confuse regular people by giving a miss leading sense. I think the daytiming etfs should be labeled like cigarettes because prolonged exposure can be hazardous to your health, especially the one and two times of your buying power. I would never bargain hunt with etfs. And instead, like the vast majority of the pros i like to look for misvaluations. Stocks that are trading out of whack, with what we call the fundamentals that you often ask typically, that means stocks are trading either too cheap versus the sector or too cheap compared to the market as a whole or vice versa. But it can also mean stocks that are trading in the discount
President obama finishing an address to the nation just moments ago announcing the normalization of relations with cuba and it has some far flung effects. John harwood is live in washington with some of the details on that for us. The president reversing a policy that was set in place 50 years ago during the time of john f. Kennedy. This is another indication that this president meant it when he said he was going to make big changes in office. This is something he can do with the stroke of his pen. Here is the president. Though the policy has been rooted in the best of intentions no other nation joins us in imposing these sanctions and it has had little effect beyond providing the cuban government with rationale on restrictions. Today cuba is still governed by the castros. Neither the american nor cuban people are well served by a ridged policy rooted in events that took place before most of us were born. Reporter now, the president cannot with this action lift the embargo. That is emb
Exxonmobil and t. Boon pickens. Jcpenney getting a big downgrade. And more optimism for apple. Another analyst ups the price target. First up, one day after the dow closed at record highs, the private sector added 208,000 jobs last month. That was a bit below street forecast. Meantime, Oil Prices Rising slightly this morning but down almost 35 from six months ago. Last night on mad money, Oil Tycoon Boone Pickens says he expects crude to return to 100 a barrel. Take a listen. Weve increased production, a Million Barrels a year for the last three years. And that is remarkable. No place else in the world has that happened. So consequently, i think youre probably going to see opec do something in the First Quarter of next year as far as cutting production. But im not so sure how much they have to cut to get to where i said you would be in 12 to 18 months. Youll be back at 100 a barrel. Fascinating. There is a school of thought that when production responds, you will overshoot the opposite
And the fall in oil weighing on siemens earnings but the ceo expects benefits from cheaper cool. Emerging economies in india will massively benefit with a much lesser oil price bill and that will go straight to the infrastructure build up. And facebook and a number of other social media sites suffer a global outage with Hacking Group lizard squad claiming credit for the attack. Youre watching Worldwide Exchange. Bringing you Business News from around the globe. Blizzard conditions shutdown new york city and much of the u. S. Effecting millions of americans but it may not live up to the hype as one of the worst ever. Forecasters said it could dump 1 to 3 feet of snow from new york to boston but now downgraded the totals. Still high winds prompted several days to ban cars on the road and halt public transit. More than 4500 flights are cancelled today but its business as usual for the markets. You know, when we talk about the impact that this will have on new york city, this is new york c