Appetite reverses the trend weve seen of late joining us, steven weis, managing partner of weis managing partners. Thanks for being here. Thanks for having me. I like the no tie look. I do that on a friday. Hes, i guess, getting the positive sentiment going here. Absolutely. Even though its only tuesday. When you look at whats really leading the s p higher today, its tech stocks its the Semiconductor Names what do you think right now . So, i own smash which is semiindex, ctf i owned it coming in today, bought more immediately when the news hit its not something i typically do i sold some in the last halfhour. Im not sure this momentum is going to continue. Its highly volatile, and when you have profits and positions that arent core positions, take them, be happy look at where the market is. The market is no further than where it was actually, its lower than where it was. Go back a year and a half, its basically flat core positions you dont necessarily touch unless the fundamentals chan
Radioactive material was hijacked. In the back of the truck was cobalt 60. Authorities say the thieves were likely exposed to a lethal dose of radiation. I am John Siegenthaler. Consid consider this is back. I will see you back at 11 00 eastern, 8 00 pacific time. Considering that young people were among obamas biggest supporters, i think its very significant. Young people have been big victims with government getting bigger, taxes going up, what do you find in europe . Very, very high levels of youth unemployment. Hello . Same things now happening to americas young people. I think the lack of upward mobility is a huge stachallenge nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. Thats, i think, what caused the problem. I want to get to that in a moment. David, based upon what we have seen, it seems he is not concerned about the did he haed lets listen to that. We should not be stuck in a stale debate from two years
Considering that young people were among obamas biggest supporters, i think its very significant. Young people have been big victims with government getting bigger, taxes going up, what do you find in europe . Very, very high levels of youth unemployment. Hello . Same things now happening to americas young people. I think the lack of upward mobility is a huge stachallenge, nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. Thats, i think, what caused the problem. I want to get to that in a moment. David, based upon what we have seen, it seems he is not concerned about the did he hade lets listen to that. We should not be stuck in a stale debate from two years ago or three years ago. A relentlyly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. David, rapidly shrinking, the deficit is going down. 17 trilli 17 trillion debt and a deficit higher than the one he re
Considering that young people were among obamas biggest supporters, i think its very significant. Young people have been big victims with government getting bigger, taxes going up, what do you find in europe . Very, very high levels of youth unemployment. Hello . Same things now happening to americas young people. I think the lack of upward mobility is a huge stachallenge, nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. Thats, i think, what caused the problem. I want to get to that in a moment. David, based upon what we have seen, it seems he is not concerned about the did he hade lets listen to that. We should not be stuck in a stale debate from two years ago or three years ago. A relentlyly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. David, rapidly shrinking, the deficit is going down. 17 trilli 17 trillion debt and a deficit higher than the one he re
The nasdaq has them all beaten, up more than 5 . Lets get with bob pisani. Bob . Its very popular for people to say mr. Bernanke didnt say anything new. But you know what, a lot of people seem to think there was something new here, the dow went up almost 200 points. Highly accommodated . Yes, its a psychological effect but its a big one. Tapering could still occur. The fed is going to keep Interest Rates near zero for a long, long time. Emerging markets, cyclical, intrastate move to the upside. Steady all day and a nice move up late in the day. A lot of that move was through the technology stocks. Take a look at the big leaders, microsoft with that organization, all of these stocks moving to the upside. Big day for cyclicals. Commodity stocks. Theyve had a terrible Second Quarter overall. Weve seen big moves in gold, copper, and silver. Housingrelated stocking, Interest Rate groups did good as well. Mr. Bernanke calmed fears of raising Interest Rates. Finally, i want to point out, emer