Was it the fed with so many voices calling for rate hikes . Was it the consumer or the earnings for some companies or the fact that oil seems to be unable to break . Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very heart and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Ther
Every day we try to figure out what is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis th and soul and spirit of our national will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political envir
What is ailing this market. This week i looked up the fabled july 15, 1979 crisis of confidence speech to see what jimmy carter said during a period where america was suffering from a collective malaise. And i quote, for the first time in our history in the history of our country, a majority of our people believe that the next five years will be worse than the past five years, carter told the nation. Again, quote, it is a crisis that strikes at the very Heart National will, end quote. Of course at the time we were suffering from gas lines caused by an opec embargo, and from wild inflation caused in part by a weaker dollar that eroded our savings. Now the price of oil is on tenter hooks after being cut in half and its the dollars strength thats hurting earnings. Theres some kind of aversion to owning stocks which i think is part of a genuine belief that the future will be worse than the past for many americans. Carter talked about a poisoned political environment but the partisan rancor
To banks, there is a lot going on on wall street and leading the Dow Jones Industrials, intel got some great comments, a 30 price target, you certainly think there is a price target at 3027 of about microprocessors and they think that will do well for the Company Going forward. This is why they have raised it. Lower prices for the chips means good news for intel. Lori twitter files for an ipo telling the world how twitter knows best with a tweet, staying close, confidentially to the sec for a planned ipo. This does not constitute an offer of any Charlie Gasparino breaking news left and right and twitter ideal is one of many he has been reporting. I broke the story lori you were criticized and chuckled at. One thing i learned, they hate us because we are good that our job, Silicon Valley media is in the tank for twitter, and essentially basically confirmed in advert motley, will get up on foxbusiness. Com, twitter hated us so put up the clarion to their lackeys over the tech press, and
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