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To kram measure ker ka. Call me, 1800743cnbc. So thats what it will look like if we fall off the fiscal cliff. Im talking about how the stock market acted today, particularly near the end of the day before the closing rally, dow diving 75 points. S p seeking. 63 . Nasdaq, punching. 72 . Because now its dawning on stock holders they are facing Something Like the debt ceiling debacle. If the armed camps in washington dont disarm, and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember do you remember the debt ceiling nightmare last year . Going to those horrendous talks last summer, everybody felt very confident that the president and congress werent really at lagger heads. Market was almost at its high. Pretty good, vix low. Then like now, we heard that the discord was only political posturi posturing. The stock market forwarde ....
Staples and childrens place, well break them all down for you. Paypal cofounder reed hoffman fires back at carl icahn and ahead of tomorrows big jobs number weekly jobless claims did decline slightly as we said. Well start with retail. As we mentioned three big misses, costco biggerthanexpected fall in profit as deep discounting during the Holiday Season hurt margins. Childrens place announcing an 18 drop in Fourth Quarter earnings. Highly promotional market in Severe Weather and then staples missed on revenues said its going to close more than 200 stores by the end of the year now that nearly half of its sales are generated online. People are calling it a triple whammy in retail and obviously tough news for obvious reasons. Disconcerting mostly by costco because costco when i saw the number, hey, thats not so good but w ....
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