Lets get to the floor show. Traders standing by at the new york stock exchange, cme, and the nymex. Uni have talked many times about what the year was going to bring, but the bigger question is what could hurt this rally in 2014. Like you said, we have talked about the positive effect we have seen. I think what could really hurt the market is going to be too much tapering. Going too far too fast. The government needs to look at this and do it in n orderly fashion. While doing so disseminate information to the public so there is transparency and investors feel like they know whats going on. If there is too much too fast the economy can a kind of shake around a little bit which is the last thing that we need right now. They have the luxury of having a finger on the pulse of the cable to make adjustments on the flight. The precise movements will be correlated. We will see that in our markets and economy. Cheryl i want to jump to the nymex. We are looking at oil. I want to get your take on
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
Saw that tweet this morning at 4 30 on the day where the dow gained 30 points and nasdaq advanced. 15 . And its always been like this. And the tweeter came back, so investing in stocks is betting on the fed . Is that why small investors always get in at the top . In other words, this guy just doesnt think the move is right. I think that the word right has to be the most expensive word in the english language. This is not an ethics class, people. Its not an exercise in some bizarre form of justice. Its not right or wrong what seems obvious to me appears incomprehensible to others. I sound like someone who wants to get away with something, while those who think its not right somehow represent the true path of reason. How the heck did this happen . How could so many people feel like paulkingsley, who penned the tweet . I think its central to finding out the next leg of this market. It holds the key if stocks can rally higher from these elevated levels. And i know theyre elevated. So, firs
Conflict and the escalating tensions in iraq. Good news, right . Not for many investors, theyre puzzled before how and why stocks can keep going up, avoiding the correction that so many have predicted after a fiveyear bull run. With political turmoil and Economic Uncertainty all around the world. The rise in equities has confounded the experts. Heres how the major averages ended todays session. The dow rose 16 points, the nasdaq up 30 and the s p 500 added five points. Unnatural, thats how Mark Luschini describes the stock market that hasnt experienced a 10 pull back in three years. So would investors be on firmer footing if there had been a wicked selloff or two . Mark luschini joins us now as well as jack abalon. Mark, let me start with you. Do we need a pullback nor the market really to be healthy . I dont think we need a pullback, tyler, at least not in that vein. Certainly like many i would welcome one, i think it would reenergize equity investorers. Theres no law that says we hav