Weve had triple digit ups and downs all week. We will talk about this, one guy with the answers, the author of the black swan. Is all this volatility the start of something cyclical . We will also focus on several big name stocks with big drops. On our list, mattel, amazon. If i got out of the way, you could see them. Mastercard and chevron. Ugly duckling kind of day. The man with the black swan is here. You are down there. Im down here on the floor where the tone is decidedly better but of course, not as good as the bulls would like it. We were down 230 points so this is quite a comeback. Bob pisani is on the floor and sheila is uptown at the nasdaq. Bob, you know, does this comeback have staying power and a lot of it has been linked to currencies but fridays are traditionally not in a crisis, not good for currencies. You will devalue currency, you do it over the weekend. The answer is the recovery is nice but very fragile. Thats all you can say. Anything more is really not very smart
In just a few hours. As for europe, some green arrows, despite a miss in the eurozone in production this morning. The road map starts this morning with, of course, the fed. Expectations for revamped bond buying program. What will the Economic Forecast say about next year and what to make of the wall street journal story that says academics are driving Monetary Policy at secret dinners in switzer land. More counteroffers in the debt negotiations. It looks like Corporate Taxes are part of the deductions. Costco beats by 2 cents, better sales and better sales and membership fees. Some more reports about apple tv today. The journal said its designing a high new highresolution set. Microsoft trying to widen the list of retailers that will carry the surface tablet. The fed is going to wrap up its twoday meeting. A watch is on to see if ben bernanke and policy makers make a decision about the Interest Rates. Later on, the chairman will hold a News Conference, and of course, cnbc, will bring i
The dow holding marginally above water. As for the nasdaq and the s p, lets get a check on those two as well. Theyve been kind of positive today, but not superbly so. At least it is a positive start to the trading week. Now, forget about the number of days shopping days until christmas. Were talking about 13 and a half trading days after today how to position your money ahead of what might or might not happen with the fiscal cliff deal. Are we ready to go . Lets find out how you should be investing. Everybodys looking at me like i should not be saying something right now. Okay. Everybodys there. Mandy . Okay. Joining us now we have a cast of thousands. Dan mcmahon from raymond james. Nathan backrat. And our very own rick santelli. Thank you for joining us today. Nathan, lets start with you. So 13 and a half trading days left. What do you do with those to make it worth it . Y better have the right allocation to begin with. In the meantime guess whats gotten cheaper . Europe. Germany and
Down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. The nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s p 5 hundred index, trying, doesnt look like it will, seven straight up days, not today though, down ten points at 1418. Investors dealing with jewel issues. Not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the Federal Reserves announcement tying rate hikes to the Unemployment Rate. Our next guests are here with their best ideas going into the new year. Todays closing bell exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. No encouraging words out of washington, here we go again, from either the fed or congress. Right, and frankly thats very expected. Theres going to be a some grandstanding about your political philosophies right up until the end, but the way i view this is we will not
Dave lets talk oil ending higher by 1 settling at 86. 73 a barrel, todays move helped the commodity end with gains of 1 even though it was up, we will talk about that in the show. Liz the shanghai market, the shanghai composite in china, closed well below the markets opened but here are some names posting solid gains when it comes to the steel world. Optimism on china coming back giving the steel sector boost. Prices for iron ore hitting a decent high lately, not a bad move, translating to a lot of names in this space for a while it looked like the economy was weakening and now it is coming back. Dave we want to let you know we will throughout this hour ridge you give the regular updates on a horrendous shooting in connecticut. That is coming throughout the hour. Liz how about alternative investment . Putting money behind a pop culture icon. We are looking at other ways to make money than stocks but what about judy garland . The rights to her tv show are up for auction. Did you know th