German bund got to nearly 80 basis points. Oil relatively flat. The tenyear hit 2. 30. The rising vix, some of these yields went bananas around 6 00 a. M. Eastern. Because of the percentages and how low they are in germany, you have a little change in germany, its a dramatic rate increases. People are losing fortunes. Now its 2 trillion in two weeks. When people say why are some of our stocks down look at the pain. People believe negative rates would get more negative even though there certainly was this risk. Yes. That was just dead wrong. We are seeing one of the things i think is just shocking to me is this dollar. The consensus was the dollar was in parity all these things you heard. Dollar you better get to europe quickly. Im booking that amalfi coast trip now we ought to hear about alibaba. They turned the s p futures. Lets do that. Alibaba shares are up in the premarket after the companys earnings did beat expectations. Also the Company Announcing its current chief operating off
Kinds of things. It occurs to me that we didnt know how good we had it. Our rates were kept low by a weakness in the european economy but we were having this great year in 2015. We had the best of both worlds. Rates will stay low. Yet the economy was growing. We were doing great. Now we get a. 2 read and europe is doing better so their rates are going up based on what theyre doing. So do ours. Ours go up so we go from 17onthe ten year to a 2. 3 and all these numbers are so low. They cracked me up with germany. 75 basis points. Oh my god its 75 basis points. But they have been negative. Are you changing your bet on when ms. Yellen is going to i dont think so. Does it matter . To her i dont think it does. As it became less likely they were going to raise in june or september our ten year yield went up almost 30 or 40 . Anyway. It doesnt matter. Thats what people worry about when the market starts setting Interest Rates and the fed loses control of the situation. You think this is the sig
Market, dow backslid nine points, the s p declined. 3 , and the nasdaq dipped 1. 4 and maybe its time to stop fretting so much about tomorrows big, bad fed event. I can tell you the ceo of boeing, jim mcnerney, isnt worried about what the fed might do, and who runs 3m isnt going let it get in his way for growth. The coceos of whole foods will be riveted to tomorrows 2 00 p. M. Release describing the feds plans for the economy. Theyre too busy Opening Stores and making money for the stakeholders. I bet you theyd rather man the register. So, if theyre not worrying, why should we . In other words, let me ask you a question. Has the fed become our version of inside baseball . All of the writers and all of the pundits and the blogs, are we simply wringing our hands over the equivalent of the infield fly rule . Are we focused like a laser on the cover two defense or the pick and roll . Rather than thinking about the actual teams themselves . I found myself struggling to answer these question
Mediocre, find a cheap index fund, mirrors the s p 500. Then i look at days like today where the dow climbed 400 and the nasdaq jumped. 63 . Im thinking wait a second, why should you have to settle for average when theres so many ways to win with a host of good stocks that can make you serious money on a daily basis that i am promising you you can find yourself. Lets just take a snapshot. A slice of today. Now, you might have been watching janet yellen give a good account of why we should stay the course. Me, my mind wanders. Always wandered to the tapes since 1979. Im looking at whats going higher, what are the commonalities, can they be acted upon . Here at a random noon hour from earlier today are the biggest winners. Remember, this is a senanapshot. Im thinking theyre all accessible. A big one is mylan. They can make cheaper drugs when the patents expire. And teva, remember them . They need to grow by doing an acquisition in the space. From the tone of Conference Call after mylans
Exchange. Go, guys, unbelievable. I was shocked. A couple months. Feels like a couple months. The story of my life these days, where does my time go these days . Its brilliant. Big day setting up today, janet yellen is on the hill and a ton of retail earnings. The premarket, tenyear yield durables came in ahead of expectations and europe is dragging a bit some say as the war games on the russian Ukraine Border look a little worrisome. The roadmap begins with retail, jcpenneys and best buy in rally mode as earnings top estimates despite flat to slowing sales. Janet yellen is back on capitol hill this time testifying in front of the senate. This is an appearance that was postponed because of a snowstorm a couple of weeks ago, so any chance shes changed her outlook since then . And an electric expansion, tesla says it plans to invest 2 billion in a brandnew battery factory somewhere in the southwest within the next three years. The question is which lucky state will tesla call its new hom