Slammed . They can lose us money . Dow plunging 368 points, nasdaq plummeting 2. 57 . A total give up. Yet this is what happens when we havent had a major selloff in ages. We get feel who realize, omg, this stock business isnt what i thought it was. They start panicking, thinking theres nothing wrong with my stocks, but theyre going down anyway, but they say get me out of here, ive had enough of this pain. To which i say get used to it. It happens, its a normal occurrence, but we have had a built of a drought for months. So there are plenty of new investors who dont even know what an umbrella is. Many others have never heard of a raincoat. They think that rain only happens to other people. So lists go over my rules for dealing with the first serious down day in ages. First we need to figure out what is the approximate cause of the down. Its about the ongoing comey russia scandal, but the people who only read the business pages, the actions can be very costly. I say that because were al
The u. S. Stocks set to surge at the open. A hectic agenda on capitol hill with President Trumps 100 day milestone looming. Taxes, health care and avoiding a Government Shutdown all on tap. Robot warnings. Alibabas jack ma is predicting that robots will make many irrelevant. And first up though, global rallies in place a day after the first round of the french president ial election. Macron and le pen set to square off in a runoff may 7. Shutting out frances traditional ruling parties. Polls show macron as favorite to defeat the antieu le pen in second round and win the presidency. These polls, jim, somewhere 6436. Some argue this was one of the best outcomes the market could have hoped for. It is, but i wanted to distinguish between them and us. I think that we should not go up as much as they did. They had a lot more at stake. I think were going to quickly revert to what has controlled us which is oil. Which is already sinking. The Interest Rates which need to go higher. And our earn
The final stage of a great idea has to be when it becomes so ingrained in popular culture that it then belongs to everyone. For example, hardcore horror
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt suzanne: good evening everyone, susie gharib is off tonight. tom, federal reserve chairman ben bernanke said today further action may be needed to spur the weak economy. at a speech in boston, bernanke said the u.s. is plagued by high unemployment and the threat of deflation. tom: suzanne, in this environment, the fed chairman said the central bank could resume large purchases of government debt. that s exactly what financial markets expect bernanke and company will decide to do at their next policy meeting in early november. suzanne: while such action appears likely, the fed chairman also noted today that caution was warranted with any innovative policy. one disadvantage of asset purchases relative to conventional monetary policy is that we have much less experience in judging the economic effects of this policy instrument, which makes it
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt suzanne: good evening everyone, susie gharib is off tonight. tom, federal reserve chairman ben bernanke said today further action may be needed to spur the weak economy. at a speech in boston, bernanke said the u.s. is plagued by high unemployment and the threat of deflation. tom: suzanne, in this environment, the fed chairman said the central bank could resume large purchases of government debt. that s exactly what financial markets expect bernanke and company will decide to do at their next policy meeting in early november. suzanne: while such action appears likely, the fed chairman also noted today that caution was warranted with any innovative policy. one disadvantage of asset purchases relative to conventional monetary policy is that we have much less experience in judging the economic effects of this policy instrument, which makes it