Jumping here. Of course what happens . Stock market turns south at least from its earlier heights. It gained 27 points after being higher. The s p climbing. Its got me upset. I have said it once a thousand times. Higher oil is bad. Higher gasoline is terrible for the stock market. Higher heating bills are horrendous for the stock market. There. Theres nothing else to it. End of story. But, let me explain, in case anyone is unclear about this. Obviously a market that could go into the red at one point today doesnt get it. My biggest worry for this market right now is the transports the index which has all the different levers of commerce in it. Transports have been rolling over for days. We did a whole segment last night how transports could be in trouble. Its a serious thorn in the bull side. We get a 3 decline. And suddenly the case changes. Now we have a chance to see higher earnings and better gross margin comparisons for the most Important Group in the market the airlines. Includin
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
Matters. Yeah. Value of all things, its playing a role. I mean a longterm value. And its springing up everywhere, unlike the real spring which is nowhere to be found. Thats why the dow climbed 91 points. And the nasdaq, which last i looked doesnt add a lot of value. Therefore, advanced only. 19 . Look, i know it sounds like im being facetious here. Doesnt the stock market always care about value . Honest, simple answer is no. Plenty of times the predominant investors, the ones that matter because they move stocks only care about Growth Stocks. At those moments, value gets ignored because value doesnt move unless management does something drastic like a breakup, spinoff. Growth rolls higher as the managers keep reaching and reaching, paying ever higher prices. Thats the kind of market weve had for a very long time. But over the last week, theres been a remarkable transformation. The aggressive buyers are now the ones seeking value if the economy gets better, right . And theyre taking no
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