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It was a great day. So i would come back on the ferry. I would do it. Its very comfortable and scenic and gets you there about as fast as driving. Transit authorities have added Ferry Service on both the larkspur and sausalito routes all weekend. You can download the abc7 news app to deal with the detours. Its available for your smartphone or tablet. You can unable push alerts to get an update as soon as doyle drive reopens. The app is free from your app store. If you would like more details you can get them from abc7 news. Com apps. Protesters in the east bay are fighting back against crude Oil Shipments coming in on trains. Yesterday people marched through the streets. They say Kendall Morgan is putting their lives in danger by sending trains filled with crude oil to the bay area. Two years ago a crude oil train derailed ....
Nasdaq declining. 26 . While the averages didnt do much, there was one recently red hot Smoking Group that really got knocked off its stride. The drug stocks going in today, the pharma complex was on fire levitating day after day, one of the strongest sectors in the market and then we get one darn tweet from the president that wrecks everything. Or does it . First, lets deal with the president ial tweet, and i quote, i am working on a new system where there will be competition in the drug industry. Pricing for the American People will come way down end quote. Not a lot of detail. Not a lot of specificity. You only have 140 characters with which to opine, but boy, oh boy, thats about the last thing you want to read if you own any drug stocks. So what do you do . Lets go mobile choice here. Do you a, panic and sell everything . B, wait to see what happens . Or c, buy the drug s ....
Microphone and say these the against inflation. Im sorry. What inflation . I see deflation almost everywhere, except in wages. But clearly thatats all that matters to the fed, because by any other calculus, Everything Else is going down, except for make bonein chicken and allnatural beef. Two pretty niche commodities, unless you own a restaurant like i do. If you didnt know any better, you would think these fed policy makers will talk about the need its a recipe for declining stock prices, and thats what youre getting. No matter, like ive told you repeatedly, as soon as the fed got the ammunition to raise rates in the form of last fridays very strong employment number, this market would go from being intermittently bearish, with a somewhat popotive backdrop to oututght beararh. Some some pockets of strength hand some pockets of excessive negativity. Thats exactly where we are right now. Remember, the fed has no mandate to preserv ....