To decline 1. 4 . What we all do for a pullback. Ive been saying that weve been having a really high casualties. Members of the cbc Investor Club now all too well from the annual meeting. We like this market the whole way up. Many of the critics hated it all the way. First they hated a, because we are in a pandemic inspired inflationary cycle. Then, they hated it because the mini banking crisis started. Now the feds are raising rates, and the economy heading for a hard landing. They hated so much the market strengths concentrated. Yeah they hate it because of what they call the a. I. Bubble. All along they failed to celebrate their victories. They ignore the high of latium. They ignore the end of the feds tagging cycle. All that job growth has been so strong. And they didnt even care when the magnificent 7 started passing the leadership to the industrials and the mid cap stops are still cheap. What the heck is wrong with these people . Why cant they admit the market deserve to reilly e
Which is much less devastating than a burst bubble. One thing right now tao plummeting and nasdaq down 52. 3 . We actually finish even lower. It had been the opposite pattern. Boli action on the other hand is when you go straight up and then straight down but the only rescue being bubbles in 2006 and 2007. A ton of toppy action. Dragging down an entire group of investors. Most of these people never came back and in 2007 we had the bursting of the housing bubble. Nobody ould give anybody a mortgage because they were getting them to third parties. Then they rolled them into height the risk. What happened we had a financial crisis that nearly brought down our entire economy. The first one, destroyed confidence in the stock market and the second was the stomach. Destroying major Financial Institutions are leading to the great recession. That was truly a horrendous bear market. Right now we have nothing like that but i will admit though market feels toppy which is worse than fluffy and ther
2 00 in our trading day on the east coast. Nasdaq composite leading the way again up 1. 6 . The s p 500 adding more than a percent. Dow jones industrial are the laggard but higher by half a percent and chip stocks helping to boost that. Nvidia now up 85 this year. Its added almost a trillion dollars in market cap in 2024 so far. Its only march 7th. Micron higher on the upgrade from stifel and intel gaining on reports its expected to receive 3. 5 billion from the government to develop advanced chips for the military. All about the chips. 900 a share. I mean. For nvidia. I remember when it was 700. Unbelievable. I remember back when it was 700 about two weeks ago. Gosh. Lets move on now and begin with the state of the union. The president is expected to propose, among other things, a 21 minimum tax on corporations and a quadrupling of the tax on corporate buybacks. Bob pisani joins us from the nyse and you followed buybacks for years and what would the impact of what the president is pro
We are funded by these Television Companies and more. s supporting cspan as a Public Service along with these other Television Providers giving you a front row seat to democracy. Energy secretary on clean energy any factoring investments modernizing the system and helping the u. S. Better compete with china. Our testimony before the House Oversight and Accountability Committee is about two and half hours. The committee will come to order i want to welcome everyone. The chair may declare a recess at any time. I now recognize myself for the purpose of making an Opening Statement. Madam secretary i want to thank you for being here today before the committee. After traveling to saudi arabia and the United Arab Emirates last week. I am sure you are well received abroad. I hope the purpose to booster foster fuels. Especially what President Biden and his administration of the department of energy. Getting to make it less independent. President biden in the secretary should not be prioritizing
Old and lacking the energy and mental acuity to do the job of a president. He is old and it shows. Were realizing hamas is a huge problem not just for israel but the whole world what hamas has done has showed the true face and we understand extremists like that is in israel. Is been funding iran as we know by loosening the sanctions and allowing oil exports to increase. He has himself in a lose lose situation. The eyes of the world have been on us instead rightly of the Biden Administration. I think the entire conference can rally behind mike johnson, he is a good man and a good conservative and he will have my vote. Stuart 11 00 oclock eastern time on wednesday october 25. In one hour House Republicans are expected to hold another vote for speaker, mike johnson is the candidate and expected to have a lot of support, does he have the boat i dont know at this point, plenty of red ink, not as bad as it was the dow is down 14point, nasdaq holding onto 180point decline, shall be big tech m