Since may. As we said, big beats from cat, 3m and utx zpl global same sales closing 6 for mcdonalds. And pipeline concerns before the ten orders again shipments may only be half of what was expected. Stocks are poised for a strong open help the by results dow components and caterpillar and others, a significant increase in demand for Construction Equipment, 3m and utx beat on the top and bottom line and upbeat guidance for the full year those are going to be the stars today. Some of pretty amazing, caterpillar appepared back the workforce. Its almost as if they pared exactly the right time when orders explode, you get that leverage and youre seeing earnings weve been waiting for caterpillar i would say since 1983 or 84, finally getting the breakout 3 m chugging forward greg haze, great organic growth. I dont want to overlook this Stanley Black and decker, tools up 9 . Some numbers are rather extraordinary and catching attention because these are the same numbers that say gdp will be mu
Nasdaq climbed. 98 . You want an impressing stat . Dows lost more than 1,000 points this week, the s p more than 1 trillion worth of market cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was it, and while the Chinese Market has managed to come down from 4300 to 3200 the currently level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week
Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market would is have at least started the process of roun
Only on, we know it, nasty wig. Thank heavens it is over. Fortunately, i guess, it ended with a pathetic whimpering sell off and not a bang of a selloff, and as i told you all week, do not expect anything good from this market, not now, no way. Dow seeking today, 168 points, nasdaq climbed. 98 . You want an impressing stat . Dows lost more than 1,000 points this week, the s p more than 1 trillion worth of market cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job but if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when
Cap has been wiped out. Sobering and i need you to think about that because thats what were dealing with right now. You think that this market would have been able to go higher with china being able to mount a pretty big bountiful job gains this month. But if you thoughts that, you would be wrong. First the Chinese Government propped up to the market last night with all sorts of buying, it wasnt real people. Terrific that it didnt go down. We all know the drill, the communist party is making it up as you go along. The massive rally in 2014, when the shanghai was at 2100. In may of last year when it climbed to 5200. Made no sense whatsoever, it was just people throwing money at it, and while the Chinese Market has managed to come down from level. The sheer number of people who wanted out when the government instituted Circuit Breakers earlier this week while devaluing its currency, it got rid of the Circuit Breakers because it has no idea what its doing. I think the shanghai market woul