Businesses stay afloat until we get a vaccine . The market doesnt remember, which is why it got crushed today. Dow plummeting down. The s p plunging 1. 16 and the nasdaq sinking 1. 3 , nice comeback there forget another bailout there is another possibility of a Government Shutdown next month. Stocks have been getting hammered for sometime now as i listened to the talking heads today, i was kind of autohear them suddenly recognize that the big tech names act terrible. Like wow, holy cow these are down a lot we better sell i mean, of course they were also acting terribly last week and the week before so a bounce could potentially be in the offering one held by the amazing rebound in apple which at its lows today was down 25 from highs earlier this month. Apple led the nasdaq 100 from morning oblivion drenched in red to bright green in a strong rally that nobody is taking seriously except for me. Before i get into where were headed, you need to understand why this moment is perilous for s
Nasdaq climbed, s p. 51 im sure you have some stocks. Maybe moving into something a little more placid like the industrials. At back my Old Hedge Fund we reviewed our positions three times a day. Thats right every day. Three times a day id have to defend them to karen cramer, our head trader. If my enthusiasm flagged at all, if there was a negative news story, a downgrade, a price target cut, or even if the stock was just heavy where sellers didnt seem to care what prices they sold their stock at, shed deem it vulnerable and kick it out. Whether i liked it or not. Sell sell sell sell sell it was brutal but necessary. We had to contain our losses they were looking over our shoulders. And when it came to dead money forget about it. Shed say lets boot it and come back at a better time, there are other stocks to own that can win. You see this attitude a lot from people that come on our network, dont you . Theyre running money aggressively they can vacillate constantly i did the same thing
Clear lake. Laura anthony is there and has been talking with people who have been evacuated. Reporter hi. We are just a few blocks from downtown lower lake. This is a residential neighborhood. As you could see, homes here, dozens of them, destroyed. Certainly on this side of the street. In that downtown area things dont look much better. With the clayton fire still raging to the east and aerial tankers and firefighters doing their best to top it, all of the weary residents of lower lake can do is watch, worry and hope. What is your hope . My hope was that i might still have a house here. Reporter matt and crystal live on winchester street, just a few blocks from downtown lower lake. Here, home after home is gone. And though she hasnt been allowed back in yet to see for herself, it is a reality crystal has begun to accept. As long as the lives are safe and the animals, we saw people getting animals out and everything and Everything Else is is rebuildable. Reporter downtown a singed vine
And keep the ranch running. Chase for business. So you can own it. Good day, everyone. Im alex witt in new york, the place for politics and the battle for the nominations moves out west. Just two days until the next set of races on the primary calendar. Its winner take all with 58 delegates at stake. Some of the latest show ted cruz trailing by 12 points, about you in utah, a new poll shows cruz with a big lead followed by kasich and then donald trump. On the democratic side, Bernie Sanders visited a border city and looking to saturday. They will talk us in Washington State. He is campaigning in seattle and heres sanders this morning. We think that the path forward is a pretty good path for us. Clearly secretary clinton did very, very well in the deep south. Not a strong area for us. As we go forward, we have won nine states. In a couple of weeks you will see us win more states. Donald trump is addressing the latest rash of violence including in tucson where this protester was hit and
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