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Sharp selloff by friday. Look at the week that was with dow industrials down 4,000 points on the session. Thats 17 on the week. The nasdaq was down 995 points, 12 and a half percent lower and s p down 406 points, 15 lower on the week. President trump deploying the National Guard to new york, california and Washington State to fight what he calls the invisible enemy as more people are told they must stay home in the heavilyhit states. More companies stepping in the fight the war against coronavirus, meanwhile, they are working with the white house to manufacture mustneeded supplies and medical equipment. Plus more businesses forced to shut down as tighter rules go into place. St. Louis Federal Reserve president warning that Unemployment Rate could soar to 30 . ....
Does seem to be pretty good between now and the end of the year. Well, i mean, look, just from a Bigger Picture, we talk about trend a lot and i think you have to respect the primary trend, and so from that standpoint lets review what went on last week, a holidayshortened week but so what. A new record alltime high in the nasdaq and the dow, and then you had the canary in the coal mine that was supposed to be down and a new 50week high in the lts so you can look at all these things and say im going to go the other way of things. Youll be on the wrong side of history of over 100 years of market data that we have Bigger Picture the trend is still higher doesnt mean that you cant have a deterioration in the internals and get a correction of course, you could, but im just pointing out thats not whats happening now get a day like today, the market hits new alltime highs at the ope ....
Tell you why. Im going to show you why and im not alone. Congressman talked to me earlier today. Its a box canyon, and were up head of it with Social Security and medicare and other important programs behind us. The congress has tags and we have strong arms. He had strong words for Vice President joe biden. And then the republicans go after each other and well, the congress didnt want to give it, here is Chris Christies response. 66 days and counting, shame on you and shame on congress. Cenk ill tell i couldnt Chris Christie is no one to celebrate today. And then djamgo on chains. More controversy. First the right wing was attacking it, and then left wing is attacking it, and then samuel l. Jackson is saying anything. Have you ever said it. Try it. Really . Were n ....
Cenk welcome to the young turks. Weve got one hell of a show for you today. That deal that the president made hated it, but im going to tell you why. Im going to show you why and im not alone. Congressman talked to me earlier today. Its a box canyon, and were up head of it with Social Security and medicare and other important programs behind us. The congress has tags and we have strong arms. He had strong words for Vice President joe biden. And then the republicans go after each other and well, the congress didnt want to give it, here is Chris Christies response. 66 days and counting, shame on you and shame on congress. Cenk ill tell i couldnt Chris Christie is no one to celebrate today. And then djamgo on chains. More controversy. First the right wing was attacki ....