Nose diving an astounding 3. 25 . As many individual stocks were annihilated beyond all reason, just laid to waste. Maybe they havent found a bottom. Linkedin collapsing 44 . Tablo soft wear down 49 . Those were darling. The spillover to all the high Growth Stocks from sales force. Com to adobe. Many of the Growth Stocks are being punished excessively, its too early to start to pick up among the rubble. This has become a verizon market to mention a Solid Company with a good dividend whose ceo will be speaking to it later in the show. This is a defanged market thats taking it right to facebook, amazon, net book and google. Ill get to my game plan in a moment. Were in a rolling bear market. I talked to you about this before. Whole sectors are being revalued negatively down on the fly just as one group starts to recover, another one goes into free fall. Theyve taken apart the oil company. Theyve parsed the commodity stocks, theyve obliterated the retailers. Now its high growth time to be
Thats both creating bargains and crushing you at the same time, and i know you need to remember this. This, too, shall pass. Yes, we got hit with one more ugly day. The dow plummeting 212, nasdaq nose diving an astounding 3. 25 . As many individual stocks were annihilated beyond all reason, just laid to waste. Maybe they havent found a bottom. Linkedin collapsing 44 . Tablo soft wear down 49 . Those were darling. The spillover to all the high Growth Stocks from sales force. Com to adobe. Many of the Growth Stocks are being punished excessively, its too early to start to pick up among the rubble. This has become a verizon market to mention a Solid Company with a good dividend whose ceo will be speaking to it later in the show. This is a defanged market thats taking it right to facebook, amazon, net book and google. Ill get to my game plan in a were in a rolling bear market. I talked to you about this before. Whole sectors are being revalued negatively down on the fly just as one group s
Finish off a real nasty week, you notice the dow is now negative for the year. We deserve a break after the last five days. What i regard as a rolling bear market from minerals to industrials, to oil and gas and today, the semiconductors and amazingly, we get it money because its columbus day, were going to get a break. A day where Companies Know better than to say anything other than columbus sailed the ocean blue in 1492. Given the relative proximity to the s p 5001,196 closing level, even that could be frout with the pain of previous octobers. The market is a bundle of nerves right now. Were going to get a heap of things the bulls need to see happen this weekend, well slice through levels that were unthinkable three weeks ago when alibaba became public. It seems to be the demarkation point for pain we felt since. What could help turn the market around . Any sign that the stalemate over ukraine between germany and russia is coming to an end would help. No new outbreaks of ebola would
The issue is important and there is a general agreement on the solution around high skilled immigration. The problem is is the politics and the economy and jobs have been prumped by the politics of immigration. I think there are four paths. One could be the pass the senate not be taken up in the senate. There is a lottery that would flult raising the overall level of immigration. If there was an agreement to include that that bill could be passed. A second option which is what the president has ind indicated he favors is to link high skilled immigration with the dream act. So it is a broader solution around immigration. The third would be to say this deals with the 50,000, this deals with a million five. The third would be deal with 11 million which clearly we have to as a nation deal with and there is a desire now more than there might have been a month ago to do. That and ive heard a number of people talk about the need to take up the issue and called for a comprehensive solution. So
Investments we need to make to train our future work force and to create an environment in which we can care for the elderly. The think americans will remain optimistic but this did of the economy . If we have not tackle the things we have just talked about like the cost of education, the Housing Market . We are figuring out some philosophical issues about taxing and funding . I think the economy has been growing slowly and steadily all in the absence of any movement, which we have seen over the test of the last year. I have worked on guantanamo for the past 10 years. My sense is that if there is some movement until the positive direction, which have not seen out of washington and enter a long time, in a long time, at least we will not see head winds. We are making some progress. I see that continue. I want to come back to what todd said earlier. I am concerned about confidence being fragile. Todd reference what happened until august of 2011. We saw in limited to lie confidence tank. M