Across the globe. The now, the question is, whether the president will make good on that Campaign Promise here or could he change his mind like he changed his mind on nafta, not repudiating more like fixing it, a few moments ago saying he doesnt want to reestablish the israel in jerusalem, more like the present location in tel aviv. He is open to being flexible on this subject. And the devil is in the details. Whether he will find a middle ground on all of this. He is being pressured on both sides. Well devote next two hours on what is at stake. There is a twigs within the administration, the president is known to string people along, make them think one way, boom go the other way, like varney with the citizenship thing but that is another story. We have former Goldman Sachs senior partner, peter keirnen and democratic gift david bernstein. Lets pick what we have here. Right now the president could opt to say im out of this. Ive been promising during the campaign. It is damaging u. S.
Dow gave up 160 points. S p dropped 1. 25 . The difference is stark. And as you will see throughout this show, ive been adamant that the ipos, endless insider selling, and valuations on sales, not earnings, are all making it, so we dont have a clue where the nasdaq bottom might be, although i remain somewhat sanguine about its dow brethren. Worse, its become clear that many people are overextended, meaning theyre borrowing a huge amount of money to buy stock. Let me be very clear about something. I dont care what you say about margin buying. If youre doing it, and i know its a record level, youre wrong. Recognize that you can borrow money to go to college or buy a house, but you should never, ever buy stock with borrowed money, which is why im starting next weeks game plan with a marching order. As tempted a as you might be to buy a host of fastgrowing companies, i find it somewhat tempting myself, you must sell, not buy stocks on monday in youre using margin debt. The figures are real
Mourners in connecticut today held the first funerals are two victims in last fridays rampage. John has been there since late friday night and is live there at the site of a memorial that continues to grow. Reporter ive got to tell you first right behind me are sandy hook firefighters who are getting hug, handshakes, and a great deal of gratitude from the folks here at the memorial. This memorial here at the bottom of the sandy hook Christmas Tree continues to serve as a place where browners. It has mourners are gathering. A funeral home across town was one of the first two Memorial Services for children killed three days ago. Reporter hundreds of people, including a young wrestling team came together at the funeral home in newtown to say goodbye to jack pinto. The media was not allowed inseed but outside the grief was clear. It was sad. It was very sad. It was short. Reporter the pastor attended the service and said jack was buried in the jersey of his favorite new york giants Footbal