With stocks and the march to dow 20k, as you know was less than a point away from making history on friday. Plus, coke and p g getting downgraded to sell this morning over at Goldman Sachs. And a busy week on capitol hill, confirmation hearings for the president elects cabinet picks are ready to get underway. First up, once again the dow will take a shot at hitting 20k. Theres a call out of goldman not helping a pair of blue chips the Firm Downgrades coke and p g to sell saying it sees headwinds from a stronger dollar as well as sluggish and market demand. Not often you get two sells on two dow components from one firm in one day. These are companies these are Great American companies. Its obvious that this is a call setting self up for much Stronger Economic growth. Now, it is the wrong time for the call because Interest Rates are down big today. So thats going to put pressure on the banks. So if were trying to get to dow 20,000, you may see on the tape in the bottom a lot of good thi
Nasdaq declining. We have entered the heart of earnings season. These moment where is the reports are fast and furious with the headlights blaring and free markets all over the place are among the most challenging times for all investors. What makes dealing with this cacophony of earnings so tough . Its subjective. I view the companies as being similar to the way teachers grade tests. We do have the occasional true or false quiz, sometimes multiple choice and the essay. The subjective essay that needs to be read beginning to end. You want to figure out how well the company did. While you often hear that such and such a Company Reported a good quarter i reserve judgment based on the kind of test being administered. Sometimes the answer is obvious. Johnson johnson delivered a monster quarter with a terrific top and bottom line beat. As stellar sales of all the new drugs stole the show. It was unassailable. Therefore, j js quarter was a true or false test. Im checking true to the line tha
Its possible she might not survive. Tonight we learned the suspect and the victim lived less than a halfmile apart. In the same neighborhood. Ktvus Azenith Smith is at a Community Center where residents attended an emergency safety meeting. Azenith . Reporter the purpose of this meeting was to talk about neighbors concerns and neighbors tell me they are stunned, deputies arrested a teenager but whats more shocking, the suspect lived around the corner, two blocks away from the victim who remains in Critical Condition tonight. About 100 neighbors living in the foothills of san jose began their meeting in prayer for their beloved Community Member who deputies say was viciously attacked inside her own. Im really upset about whats been happening. Im really upset about a woman who was attacked. Im concerned about our safety in the neighborhood. Reporter deputies announcing they arrested this man 19yearold zachary cuen. He broke into her house, robbed her of her jewelry, ransacked her home an