1. 02 and the nasdaq plunged 1. 14 , i think being old is a very good thing. Whats so great about being old . Simple, i remember things. Things that can be valuable to all of you, because ive lived and traded through them. Right now, of course, were in the midst of earnings season. The news is coming fast and furious. Boeing missed the forecast, is the honeymoon at yahoo finished in the wake of the not so hot quarter and the slowdown . In a normal day, we pick them apart, questioning whether facebooks quarter was as good as it looks. I think it is. These are not normal times. Other forces are at work. Forces that are not necessarily bigger than individual companies that make up our stock market can still trump them shortterm. Lets set the tableau you and me. Nothing to do with the Earnings Report, which like every other day have been good with only a few real stinkers. Typically on the guidance, too, not the quarters themselves. The weakness is from emerging markets and their likely im
Nothing, some stocks that went up slowly and then there were stocks that seemed to soar by the day hallelujah even at the recession, dow jumping 87 points, nasdaq declining. 03 , many of you may have taken a hit to your portfolio. Because you owned a stock thats plain toxic to your net worth. Yes, we now have hazardous stocks. Tonight, lets explore the right and wrong stocks for this moment. Whats the definition of a stock that can do no right in this market . How about a stock that could do no wrong before the market changes stripes this year . And whats a stock that could do no wrong these days . You guessed it. Its a stock that has done kind of nothing for the ages. Lets start with the losers because im a huge believer in the notion that your winners will take care of themselves if you can isolate the losers and cordon them off, which, by the way is exactly what the dow and s p are doing despite the commentary right now weve got three different kinds of stocks that are hazardous to
Will his parents reject him . 48 hours after the report, they never reported it to the police. Police tell us there is no missing persons report for the teenager. The run aways father spoke to a reporter at voice of america about his son. The paem immigrated from somalia seven years ago. He transferred to San Jose High School he had a tough time with school work. Math class, science, he said he started high school here was difficult. Were told a stowaway has an older sister and younger brother staying with relatives in a san jose apartment. In santa clara, abc7 news. Lets go back now to our top story. A shooting scare in daly city. Abc7 news has been at the scene. There is a lot of confusion out there. There is this neighborhood remains evacuated the search continues here on south gate avenue. So far, we can tell you that there are no signs of the gunman, anywhere. They got reports of a man with a gun doctors reported seeing a man with a gun inside of the building. Then, told police he
And thats what we saw today when the market plummeted soon after the Federal Reserve says it has to keep buying bonds because the economy is still not Strong Enough to generate enough jobs without Interest Rates staying lower than they might otherwise be. The stock markets retreat where the dow gave up 62 points. The s p dropped 4. 9 , and the nasdaq declined. 55 and can clearly be laid right at the feds feet. Thats because until the fed released the downbeat statement crafted after the monthly meeting the average is pretty much even keel and after a moments hesitation the buyers and sellers were in equilibrium. The sellers sell, sell, sell. Overwhelm the market and stocks began to plummet. Detailing and explaining a pattern of stock buying and selling that while totally counterintuitive has become the modus operandi of the days surrounding these fed meetings, and i want to game it with me. First, the stock market acts pretty sanguine in the days leading up to the fed meeting largely b
Including todays roller coaster action. Markets closed up, the dow rising 2 points, the s p gaining 0. 38 . Stocks are going up or down not because of Revenue Growth or lack thereof. Thats the simplistic way the newspapers are explaining it. Theyre going up or down because of expectations with a capital e. Often the expectations are just too great going into the quarter, or the expectations are negative enough that poor expectations should be the title of some of these Conference Calls. Take caterpillar. It reported a hideous quarter because it was the worst of times in china, the worst of times in china. Not the worst, but certainly in america. On top of, that cats management lost its optimism and started it, well, an attitude of resignation. Next year will be better. Thats the attitude that often precedes disappointing seasons in every sport, as well as disappointing numbers in the sport we play in. This was not kathmandu. It was catnodo. So what happens . The stock looks horrible in