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Restructuring and lowering guidance. Shares of valeant are down sharply this after an earnings miss and sharply lower guidance. Well give you the latest on the stress theyre feeling over at valeant. And the viacom saga continues. A hearing is taking place right now in massachusetts. Weve got the details. But first up, futures rising a day after comments from janet yellen propelled the s p to its highest level of the year. The fed chair expressing optimism about the economy and said she sees rate hikes ahead but gave no timetable for a tightening. If incoming data are consistent with labor Market Conditions strengthening and inflation making progress toward our 2 objective, as i expect, further gradual increases in the federal funds rate are likely to be appropriate and most conducive to meeting and maintaining those objectives. She did call the jobs number concerning, disappointing, raising questions. Feds going to wrestle with ....
Interest rates will not be raised, and isnt this the post janet yellen speech bounce . Well, i wanted to call it the hillary highs, but prior to anything that janet yellen said yesterday, we have had a rally in important areas of the market, and it is going to bear repeat i repeating. The iwm which is the small cap indices is now up off of the lows 25 . You take a look overt at oil which is what we were worried about this time last year and the whole second time, and the oih is up 49 from the lows, and then you are looking around the world, and the all country world index, which is an index that e encapsulates everything outside of the United States, and they are rally iing. The problem with them last year, they were concentrated with a large stocks with high earnings growth, but right now, it is the opposite, because there is a boost in the areas that is nothing but bad news in some cases for years. You wanted to get a wway, steve ....
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