Usually, but i had to take one i kept reminding you that good things can still happen. Sure enough today we got a confluence of great news that made people want to buy hand over fist. Buy, buy, buy, buy, buy, buy. S p up 1. 3 and the nasdaq pulled 1. 75 hallelujah. What happened what happened . Remember the consensus on wall street we were headed for recession, right well, then we learned that the white house has restarted trade talks with china we got some strong Economic Data terrific jobless claims number wrap it up i should have gotten a bow, wrap up a box and you have all the ingredients for a spectacular rally. So where do we go from here . Isnt that what matters . That was history before i break down my current world view let me give you some anecdotal evidence about where we are or at least where we thought we were until today. Im walking down the street going over to my small mexican place san miguel, you know what im talking about. A very nice neighbor stopped me and said, wi
Dow closing down 31 points. Nasdaq droroing 0. 5 . This morning we learned in a total blockbuster of a deal. That pfizer is trying to reinvent itself by buying allergan, agn, to be more efficient with overseas capital. Allergan gives them a way to do that. It cost them a pretty penny, the company is confident this is a good one. Allergan has an excellent vaccine and cancer franchises, includudg their benchmark drug, botox, which they havent raised the price up, while simultaneously keeping up with new uses for the darn thing, past wrinkles and migraines. Perhaps they can run into a new form of company with this merger and the cash flow they had. Thats what the hope is. In the meaeaime youre being paid to wave dividends that nets 3. 5 . The market doesnt like this. Absolutely doesnt like this deal. For real allergan shareholders because its delighted with phaser before it closes. And potential government challenge over the tax avoidance scheme. We believed in Brett Saunders aspirational
Botox, which they havent raised the price up, while simultaneously keeping up with new uses for the darn thing, past wrinkles and migraines. Perhaps they can run into a new form of company with this merger and the cash flow they had. Thats what the hope is. In the meantime youre being paid to wave dividends that nets 3. 5 . The market doesnt like this. Absolutely doesnt like this deal. For real allergan shareholders because its delighted with phaser before it closes. And potential government challenge over the tax avoidance scheme. We believed in Brett Saunders aspirational earnings estimate. The ceo laid that over and over again, including on mad money. Thats something that frankly is no longer a factor. I still believe in Brent Saunders. Still believe in allergan money, more convoluted. The cut and run crowd and arbitrators will think otherwise, but totally understand the frustration of allergan shareholders who were really pretty furious, come to think of it. But pfizer is bag aller
Nasdaq dropping 0. 5 . This morning we learned in a total blockbuster of a deal. That pfizer is trying to reinvent itself by buying allergan, agn, to be more efficient with overseas capital. Allergan gives them a way to do that. It cost them a pretty penny, the company is confident this is a good one. Allergan has an excellent vaccine and cancer franchises, including their benchmark drug, botox, which they havent raised the price up, while simultaneously keeping up with new uses for the darn thing, past wrinkles and migraines. Perhaps they can run into a new form of company with this merger thats what the hope is. In the meantime youre being paid to wave dividends that nets 3. 5 . The market doesnt like this. Absolutely doesnt like this deal. For real allergan shareholders because its delighted with phaser before it closes. And potential government challenge over the tax avoidance scheme. We believed in Brett Saunders aspirational earnings estimate. The ceo laid that over and over agai
Bull market continues right now, kelly. I think the up love is turning into hate as people continue to watch and try to figure out what to do next. Thats the kind of question well pose to people. Bill, a lot of people focus on the fact its not just stocks, its also gas prices looking here in the case of gas prices sixyear highs for the fourth of july travel season its an important one. Its not all quite coming up roses. Thats for sure. Lets bring our Closing Bell Exchange in. We have a busy couple of hours lined up here. Arob gibbs is with us, mark teper, todd salimony, todd liden from Global Investment trains and our own rick san tellie. Todd, youre bullish in part because it is a relatively unloved bull market, isnt it . It is despite what weve been reading in various newspapers, blogs, a lot of strategists and Market Participant also tell you theres a lot of complacency in the market. Were looking at the volatility init exto come to that conclusion. Well argue with historical volati