After a rough day where the dow tumbled 314 points, s p plunged 1. 56 , and the nasdaq plummeted 1. 67 , i think the problems simple a list of stocks that are working seems to grow smaller by the day. Isnt that what it feels like . We have fewer stocks that are safe to own and more that are down right toxic as we saw near the end of the day when the bears crushed the bulls toward antichina fueled trading. Today felt like a vicious pro Football Game where the quarterback was under pressure all day and succumbed in the Fourth Quarter in football, a quarterback tries to do a check down, looking to receivers for the best opportunities down field sometimes the Wide Receivers are wide open. Sometimes the qb has to thread the needle to hit a receiver, a slant pattern. Other times, times like today, the bears are swarming, and its like a jailbreak as they head toward the quarterback if he doesnt get rid of the ball in time, hes likely to be sacked, perhaps for a big loss or a fumble or even an
The chef report for federal student aid was mung those who took questions from the House Oversight economy. This is about 2 1 2 hours. Good morning. The economy on oversight and government reform will come to order. Without objection the chair is authorized to declare a recess at any time. The chair notes the presence of our colleague, congressman bobby scott from virginia. We appreciate his interest in this topic and welcome your participation today sir. I asked consent that congressman scot scott be allowed to participate in todays hearing. Without objection it will be so ordered. I would also like to ask yew mannous consent to enter into the records statements from the following social works. The National Association of student aid administrates. The National College network. The National Role on education and epic. Today we are here to talk about a data breach involving a department of education website and an irs webbased application. Every day literally, every series criminal con
The chef report for federal student aid was mung those who took questions from the House Oversight economy. This is about 2 1 2 hours. Good morning. The economy on oversight and government reform will come to order. Without objection the chair is authorized to declare a recess at any time. The chair notes the presence of our colleague, congressman bobby scott from virginia. We appreciate his interest in this topic and welcome your participation today sir. I asked consent that congressman scot scott be allowed to participate in todays hearing. Without objection it will be so ordered. I would also like to ask yew mannous consent to enter into the records statements from the following social works. The National Association of student aid administrates. The National College network. The National Role on education and epic. Today we are here to talk about a data breach involving a department of education website and an irs webbased application. Every day literally, every series criminal con
Precipitate a move. We will keep an eye on that eye on not. Keeping an eye on this as well. The dallas. The dow was riling bigtime. About 190 points. Commodities are losing. Stocks are gaining in facebook and amazon, the two biggest beneficiaries at rover alltime highs. A lot of that field by the belief that despite all the controversy on facebook which will get into a little bit, people are clicking and when it comes to amazon, they are buying. Also waiting for results from disney. This is the quarter that the higher ticket prices went into effect at theme parks, whether that hurt attendance there is anyones guess. Eiger was giving them positive guidance in the last report. This can continue is better than expected news that of the Media Company and the willingness im been especially as they enter the holiday. Come is summer vacation. To keep spending. We shall see. Meanwhile, some other numbers that are pretty surprising. Stuart talks about three very important battleground states, H
Tobacco stock . Is it fossil its going to go away . That notion and the diselusion of the cartel are rattling in a way that nobody could predict. Dow going and s p shrinking and on a day when the price of oil fell to a low and then a 17 year low. We have to talk about this. You you know that i have been saying how the market is in crazy town. A place where good news is bad news, and we did have a nice change of this on friday and we rallied. Today however, perhaps the best news that could happen to the consumer aside from the tax cut which your never going to get. A further giant decline in the price of something that we all spend a lot of money on. Energy is having the usual horrendous impact on the entire stock market. Some of it goes with exxon and chevron. She have seen people get crushed because they bought them in yields. Many of them cannot be maintained. Many will have to be cut. Some will be eliminated. Worst of all, we have seen the stunning decline in s ps. Thats a group for