When you listen to the reasons, theyre dumber than a bag hammer everyday we hear about stimulus talk even if we pass the deadline, i wish they stop talking all they do is creating false hopes. Both republicans and democrats see no deal as a win for them even as the rest of the country loses. I am confident that well get the stimulus package eventually. There is no stimulus coming any time soon, certainly not before the election get a game plan for heavens sake how about covid19 we have been predicting the spike for months here. Why did we start the mask competition . We knew it was temporary reprieved and it would get worse once the weather gets colder i totally understand it seems like an in efficient way to stop this thing we dont have much those case numbers have been creeping for more than a month now. The only thing more incurable than covid is the market i have been recommending the bull market created out of control pandemic without a stimulus now it is happening. We are taking
Out deals, including today market ral llies the s p climbs 7. 8 and nasdaq soared 1. 39 thats why i keep telling you that you got to stick with stocks that dont need stimulus. All day they show them on air is fantastic. The white house is negotiated with Speaker Pelosi though it will have to pass the senate and Mitch Mcconnell says maybe they have interested in some sort of stimulus you throw in the election next month and you got a chaotic occasion there is too much name calling i love to be proven wrong. Main street absolutely needs the money. The stock market does knot know what main street is doing and Speaker Pelosi and secretary mnuchin, they both know that today the president seems to know it, too until they symptoms catop calli, always skeptical while the tease keeping the bull up in the air today. I dont think if we dont get something come on monday, i do expect a selloff. It comes up too far and too fast we are due to a pullback historically if something does not develop here
Were down 102 at the moment. Everything got weve climbed back a little bit. Dow down 103. S p, you wafkly are down for the year now. About 2. 5 . Weve dropped at the open. There were a number of sectors that were notably weak today. A lot of comments. I want to show you Retail Stocks right now. Deckers also on the weak side. A lot of these stocks have been hit badly, and they are not showing any signs of recovering at this point. Home builders we did have the National Association of homebuilder, home market index weaker than expected. These are big dwee clinz here. Unusual for the builders to move this much. No big catalysts, but all of them just down. Some a little more volume than others. Then energy stocks. You get that whenever you get that all the big energy names are to the down side. One group on the up side, simon. Delta did beat on the earnings and they talk about 2 billion in fuel savings in 2015. Faebl a company talking about the head winds that you are going to be having. T
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