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Time to become more circumspect about this remarkable run. There is so much that is positive, im beginning to rack up a few negatives, too. Weve been whistling past serious grave yards on the way to these new heights. Its worth shining a light on those grave stones as this market continues to break records. The dow made another new alltime high. S p slipped back and nasdaq declined 25. 9 . We recognize the three major tenets of trumps poll circumstance deregulation, lower Corporate Tax rate and tax holiday of repatriation of overseas earnings are terrific for the stock market. Weve run a great deal because of that triad. But you know what . We need to start asking ourselves how far we can go just on those three things when there are beginning to be other issues that just arent going right and weve got to talk about them now. Lets tick them down. First theres oil which was up sharply today. Oil rallying on better demand is one thing ....
News conference by outgoing fed chair ben bernanke. Wall street is on edge over whether he will disclose a wind down of bond buying stimulus program. Ahead of the meeting stocks went wild monday. The dow pushed up by 130the nasdaq 29 and s p by 12. Gold edge higher by 5 dollars. And oil by 71 cents. A report says a vote to approve janet yellen as the next fed chair could happen thursday. Today, president obama meets with top tech leaders to talk about the healthcare. Gov website and nsa spying. Also a snow snarl is expected for commuters from the midwest to the east coast. Take care on the roads. Glenn schultz of Performance Trust joins us now. Glenn, will it be a terrifying tuesday. Everybodys so concerned about this fed meeting. What is the bond market telling you . The bond market is telling me that theyve handicapped the odds of tapering at around 60 70 . If you compare this to the economists predictions thats about 34 of e ....