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Or else well have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Not enough good things happening away from the consumer. To keep the averages at thats admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well run with to good of a breadth of merchandise not to worry about the short fall. And from the looks of it, not a lot of everything selling. Thiss the last thing we want to hear. My current thing, were losing the leadership by the day. We know every citizen, remember the spike at the twoyear high, the housing market, theyre nowhere to be seen on the new high list. Theyre more likely to be found hover ....
Have more days like today. Where the averages got scalded. Dow plunging 131 points. Nasdaq declining. 41 . Thats precisely what happened this session. The market said with this particular pummeling that the consumer is on the ropes. Dont have enough good things happening away from the consumer to keep the averages at these admittedly lofty levels. How do we know this . Simple. Because of a slogan. A slogan many of us are familiar with. Macys has everything. And today for first time in four years macys reported sales and earnings that were disappointing. And the companys too good, too well run and with to big a breadth of merchandise not to worry about the short fall. Macys has everything, and from the looks of it, not a lot of everything selling. Thats the last thing we want to hear. My current thing, were losing the leadership by the day. We know ever since the mortgage spike, remember the spike at the twoyear high, the housing market, theyre nowhere to be seen on the new high list. T ....
years when we came out in the first quarter with a full head of steam every year, that s right, every year we finished up by the end. so what was with all the gloom today? did you see it like i did? i mean, what was that? the house of pain. s&p backsliding .54%. nasdaq down i m sorry, .45%. nasdaq nose diving .87%. that was a downer. dow fell only six points but that was aided by a last-second gain in united health on news of a positive change in medicare reimbursement rules. most of the day, though, it felt like a hangover that no one wanted to get over. from around the first quarter. felt like the doubters were out in full force today. everything from getting the jump on the sell in may crowd. [ booing ] to worries about when europe opens because remember, it was closed. to qualms about the cold weather in march and how it upset the retail trade. you know what? all that stuff, that s just one more reason for you to focus on individual stocks and what the compani ....
short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it s the right thing to do. we only have our history. if we ignore it we re obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i m about to tell you can be averted, averted by concrete signs that the europeans are going to address their problems and the chinese are going to cut rates. we won t go worse case if at the germans begin to compromise with the have-nots or bank deposit insurance and saving euros and at the same time issuing euro bonds that can buy sovereign debt. that plan has been shot down so many times by chancellor merkel that it seems it s become a pipe dream. listen, we ....
short sellers feared europe may do something right over night and feared losing all the juicy profits gain in the last eight weeks. remember, they like to take profits, too. people are always looking for analogs, analogies, patterns, touchstones that help us figure out where we can go, how low, how bad. look, it s the right thing to do. we only have our history. if we ignore it we re obviously doomed the repeat it. before i lay out how bad things could get which is the so-called worst case scenario, everything i m about to tell you can be averted, averted by concrete signs that the europeans are going to address their problems and the chinese are going to cut rates. we won t go worse case if at the germans begin to compromise with the have-nots or bank deposit insurance and saving euros and at the same time issuing euro bonds that can buy sovereign debt. that plan has been shot down so many times by chancellor merkel that it seems it s become a pipe dream. listen, we ....