And usa today confirmed it this morning. With the terrific story about the acronym that stands for facebook, amazon, netflix and google. My selfstyled shorthand for whats working in this stock market. But on another vicious day where the dow tumbled 128 points. S p sank and the nasdaq plunged nearly a percent, while f. A. N. G. Represents a nice respite from the world, f. A. N. G. s leadership happens to be terrible for the rest of the market. Thats right. I want people to know loud and clear that f. A. N. G. The isolation of a handful of stocks that can power higher and spurts we havent seen in ages is a bad thing. Boo not a good thing. For stocks in general. And the market overall. Sell sell sell. First, understand that mutual fund and Hedge Fund Managers are looking for growth. Right now the funnel for growth seems to grow smaller by the day. Which sends the proven storm to the ones with the best prospects higher than theyd go. Longing for growth is like rocket fuel for f. A. N. G.
San francisco. Good morning to you. Another ugly week despite some solid gains today. Dows up 175. The nasdaq is now down almost 14 for the year. Rich wong of xcel telling usa today saying, i personally dont think the environment is anywhere as close to as difficult as 2008 or 2009 or 2001, but try telling that to people in tech, kara, especially given the losses in f. A. N. G. How is this playing out in your view, both from a sentiment standpoint and more practically . I think practically, people feel good about it, odd enough. In a lot of the places im going, a lot of the vcs are happy about it. A lot of people think there was too much money rushing in, especially from the hedge funds and the larger institutional shareholders that were shoving the prices up enormously. Ive been hearing this for a while from a lot of prominent vcs, they couldnt have been compete. A little like San Francisco real estate, it suddenly got crazy crazy, and then goes back to just normal crazy. So i think e
And thank you for sticking with us as we come out here every night for you. The New York Stock Exchange and the nasdaq might as well relocate to beijing. Thats what i feel. After this week, at least that way the action could make some sense. And then i could come up with a better game plan. Let me think about it. Once again, to bes struggled. Dow 43 points lower. Nasdaq climbed. 35 . Why . Here we go again. Tensions in ukraine and economic weakness in china. We cant seem to get beyond these, believe me, for those that own a lot of industrials, oils or banks, it was plain brutal. An entirely miserable week so what thing do we have to look forward to next week . Lets start with russia vs. Ukraine. Forget a vote that allows crimea to succeed from ukraine and go with russia. We know from statements made earlier this week that secretary of state kerry will have to live to up to his obligation and take action meant to reverse the situation. Teach the kremlin a lesson. Well, i dont care about
Have you got more money makers for the rest of the day . Charles i do. P2 connell, it is yours. Have a great weekend. Connell i am connell mcshane. New data is out. Gop showing no signs to do anything to stop defense spending cuts. A pr disaster, as we know by now, for carnival. People coming back to land. What a mess. As space watchers sit tight. There is a meteor that crashes down in russia. We will have all of that coming up. Here at the top of the hour, we are going to get things started. Nicole petallides. Nicole tgif. You made it to friday. We crossed the 14,000 mark. We did not take out our five year highs that we had recently. We do have of arrows on the drug index. The dow is up one tenth of 1 . The traders always think it is a good thing that the s p is holding about 1500 mark. You have a lot of winners, including pfizer and home depot. Connell this statistic may be surprising to you. An inflow of 2. 6 billion in the bond market. Up for bonds, down for stocks. Seems kind of s
You wake up in a dark alley, not knowing anything. What has happened anyway? You struggle after the truth and answers. Answers you want to know in the darkness and fear, which makes your heartbeat race like violent blows against your head. Where do "they.