The fed is easy, easy, easy. Keep talking about data dependent but i think all they will do is keep Interest Rates at zero percent. I dont think they will ever raise rates. Any blip in the economy and bad market they may start another round of quantitative easing. Gerri oh, my goodness. Gary, peter, im sorry to you. Do you agree with that . Will they never raise rates . I believe they intend on raising rates. The real question whether russia or some other event disrupts global economy. Were in a situation where the u. S. Economy is becoming the bright star and there is no reason to believe that we cant as we have in the past grow even in the face of poor Economic Conditions in japan and europe. After all there is nothing new about poor Economic Conditions in japan and europe. Gerri that is absolutely right. Gary to you, peter brought up oil and pete you are brought up russia. I want to talk about the oil prices for a minute. That was really part of the inflation picture and numbers tod
Points, s p plummeting 2. 28 , nasdaq diving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows one number can be explained away, but two . No. Whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are supposed to go higher, but they arent. Maybe the emerging markets arent strong enough. People are getting nervous that the safe havens are no longer safe. Even with trea
Witness the dow plunging 326 points, s p plummeting 2. 28 , nasdaq nosediving. Weve got to tick down the reasons for the decline so youre aware and can be ready for the next leg. First, people are afraid of a second weak employment number in a row when we get the nonfarm payroll number on friday. You know what, they should be afraid. All right . Should be concerned. The research from get rich carefully shows that one lousy employment number can be explained away, but two . No. Thats when people talk about a slowdown in the economy, whether or not you think its true or false. It doesnt matter. The market asterisks nothing. It takes stocks right to the wood shed. Second reason for the decline, the recession stocks, the foods, the drugs, the staples. Theyre acting like its the end of the world, or at least the end of the developed world. The declines in these stocks are breathtaking. When the Global Economy slows, these stocks are supposed to go higher, but they arent. Maybe the emerging