Earnings season when theres too much to keep track of and the action seems to stop making sense. The dow gained 46, the s p advanced and the nasdaq climbed up, you have every right to be extremely frustrated stocks that should be going up are going down stocks that should be down are going up human sacrifice, dogs and cats are living together, mass hysteria theres a method to that markets madness you need to understand it. Otherwise, youll have no idea whatsing if on whats going on a close investor is a bad investor so let me walk through some of the craziest examples. Im going to start with caterpillar. Caterpillar, the stock huge shortfall in response of course the stock correctly plunged 6 in Early Morning trading. Well, i thought it was a bit of an overreaction, nothing unusual about a stock going down in disappointing numbers is there its what happens next thats should we take our cue from this hard to explain. Cat down 6 and slowly rebounded. If you saw it near the low, this is a
Of flooding at the shore points, folks are piling up the sand bags, dreading the next high tide. Elsewhere, scenes like this. People wondering how theyll get anywhere tomorrow with huge trees still blocking roads across the area. And you can blame this, live look at radar right now. The drenching rain may be moving on out, but we are not out of the woods yet. Heres live look at the ben franklin parkway. Gusty winds are making it feel pretty chilly out there and theyll be sticking around until tomorrow. Those winds also proved deadly today. Im iain page. Im lucy noland. Thousands in our area are in the dark tonight. Fox 29 though has you covered. Our Dave Schratwieser is tracking the major problems for commuters. Chris oconnell is at the flooded jersey shore. But we begin with meteorologist kathy orr. Kathy, this is proving to be one dangerous storm. Absolutely. A very powerful storm and here it is, heres your noreaster packing winds gusting to over 60 miles an hour today right now were
A lot of people asking me why the goggles tonight. If you are in unprotected area like we are right now in Townsends Inlet, were just getting blasted with sand, bla blasted with white wash from the water. I clocked 54mile an hour gusts the last hour coming off Townsends Inlet right here. We were all over the jersey shore towns tonight. We were in Atlantic City, we were in ocean city, here in avalon, stone harbor, much the same all over. Were getting reports wildwood, almost every Street Corner was flooded earlier tonight. Especially in the lowlying areas. Well luckily most of the rain has moved offshore lucy as you were saying but now were contending with these winds. We understand theyre going to be pounding us all night. Again, especially in these unprotected areas. One of the things that happens when this kind of wind comes these noreasters, beach erosi erosion. Local municipalities throughout the night have been checking beaches and theyre going to get a handle tomorrow on how much
A lot of people asking me why the goggles tonight. If you are in unprotected area like we are right now in Townsends Inlet, were just getting blasted with sand, bla blasted with white wash from the water. I clocked 54mile an hour gusts the last hour coming off Townsends Inlet right here. We were all over the jersey shore towns tonight. We were in Atlantic City, we were in ocean city, here in avalon, stone harbor, much the same all over. Were getting reports wildwood, almost every Street Corner was flooded earlier tonight. Especially in the lowlying areas. Well luckily most of the rain has moved offshore lucy as you were saying but now were contending with these winds. We understand theyre going to be pounding us all night. Again, especially in these unprotected areas. One of the things that happens when this kind of wind comes these noreasters, beach erosi erosion. Local municipalities throughout the night have been checking beaches and theyre going to get a handle tomorrow on how much