Climbing 8. 86 how do we interpret the market is the market heartless in response to the plea of the protesters is the Market Making judgments about the difference between violent protest and passive resistance i know many people wish it would. They want the market to be part of the debate. They want it to play a constructive role in the dialogue over racial ee qualiqur go down to express empathy for the troubled times were living through. Thats not how it works. The truth is the markets blind because it has no eyes its deaf because it has no ears its a convenient abstraction, not a personal opinion investors make judgments until recently nobody was investing with an eye toward making the world a better place whatever that might be now there is a Younger Generation of investors with hearts in their heads. I share the sentiment. For the most part people pick stocks because theyre trying to make money we buy stocks at companies, Good Companies with good longterm prospects. Mainly ones th
Or was it the real economy rearing its increasingly ugly head every day that the average goes down, the dow slipped 102 points, s p shed 7 p. 8 , are we having Great Depression style unemployment 38 million jobless claims or another garden variety sell off in the wake of another major rally . Ill give you a hint its not the economy driving the bus. I know the markets incredible rebound the last two months seems totally out of sync with whats happening in the rest of the country. Wall streets become divorced from main street and were told thats unsustainable the thing is im not so sure this morning on squawk on the street, i kicked this idea around with david faber and carl quintanilla. David was incredulous i thought we were seeing a garden variety selloff, not some reckoning mass sell off in unemployment. Another 2. 4 Million People filing for jobless benefits this very week. Remember we get those claims thursday morning lets start with the positives that help stem the bleeding today
Third, boy, is it ever in the way even with record numbers after a day with the dow losing 79 and s p advancing and nasdaq gaining, the last two both records. You need to understand that the government has become the one wild card in this market and does reek havoc on all sorts of stocks last fall the fed created its only personal bear market because he told us he might need to raise Interest Rates over shooting to stamp out inflation, which at the time was nonexi nonexiste nonexistent totally out of touch and crushed the market powells rookie mistake almost gave us a recession but came to his senses in january and changed course but we never should have been in that position to begin with thats what keeps happening. We never would have gotten in this mess with janet yellen. She was day to driven and understood the power of her words but even though president trumps tweets are about lower Interest Rates and maybe having some effect, i dont know. Remember what he did he sat janet yellen
Main breaks all over the place , to catch you up in a couple every minutes. Along with, that we do have more wet weather, more wintery weather will be moving n but it is not going to be straight up snow this time. It is still cold enough that if it were to come right now it, wouldnt be just snow. But comes later today when we finally get past freezing. So it is like an insult to injury here. Yes, you know, were finally going to climb above 32 degrees, but then it comes with its on trade off of problems when the next system gets here. Already you can see all of the mixing thats going on back in the Buckeye State for example. A lot of pink indicating ice across that area, whether it is freezing rain or sleet, doesnt matter, it is still ice. But specially freezing rain is an issue as we head toward the pm hours. We are going to see mixing just depending on your location, the morning commute in terms of weather anyway, no problems whatsoever. You just have few clouds overhead currently. It
People, ill tell ya tough people in wisconsin fellas. State fair park people opened a partition in the back of the room to allow for more people. Fire marshal told me they would do that when the crowd hit six thousand people. At 10, a few of mr trumps policy promises, including what he said about the border wall. Live, theo keith, fox6 news. Not much opposition to mr. Trumps visit tonight. Brittany shannon also live in west allis. Brittany . It was a large and lively crowd here at the Wisconsin Expo Center tonight. More than fourthousand people estimated to have attended. And there was a lot of love for wisconsinand supporters loved it. It was mostly cheers at president e allis. Sandy kindigoguzlu hes really going to make our country great again i have no doubt 30one of the largest wisconsin rally crowds greeted the president elect with cheers and hope. Justin hammerbeck were just here to listen and hear it and really cheer and congratulate him on his big win 24 00justin hammerbeck bro