They know nothing theyre hanging on every word from Speaker Pelosi or secretary mnuchin, watching Mitch Mcconnells body language. We need to know if cash strapped states and Small Businesses will get the help they need but the stock markets already made up its mind it doesnt matter. Thats how we can some solid action today nasdaq soaring, 1. 42 hall hey lielujah were starting to hear about huge layoffs, okay disney, smaller ones at goldman sachs. Possible avalanche of firings at the airlines these people are losing their jobses through no fault of their own, and i hope the government can get its act together to help them, because its the right thing to do. The broader economy needs a stimulus package, America Needs a stimulus package but the market, oh, man, the market doesnt see a recession it seems a secular boom in Certain Industries i know this because were starting to get earnings from defensive companies that would normally give shareholders huge windfalls. But theyre greeted wit
Times Peterson Foundation poll, only 14, 14, 14 of families own stocks outright. Meaning the market is creating all this wealth for the few, not the many 60 of americans dont even know that stocks are up for the year and theyve advanced 24 hallelujah so after a sedate day where the dow gained 28 points, the nasdaq climbed 0. 05 , lets talk about what the heck is going on here i think its a lot more complicated than simple ignorance. The first reason why people who can afford to own stocks are sitting on the sidelines earning very little, the disastrous bear market at the turn of the century impoverished a whole generation of individual investors who got burned by chasing, yes, the hottest stocks imaginable when the dot com crash hit, it ended the greatest love affair ever told. I was part of it i started the street. Com in 1995 immediately found hundreds of thousands of people with a thirst for any investing knowledge to level the Playing Field. Between the rich and the not so rich at
Nasdaq advancing 6 . But we didnt get what we need, which is another reason to buy stocks here. This morning and last night i went over about 300 different stocks, 300, with an eye to finding new names to introduce to the actionalerts. Com club every month i give a talk where try to offer club members at least one new compelling idea. And you know what . How many did i find out of the 300 . Four yeah, thats right only four stocks only four out of 300 passed my test why am i being so selective . Let me walk you through whats worth buying in this treacherous moment first, i dont need stocks that need a trade deal to go higher as the trade talks with china drag on, the list of casualties grows longer and longer. Earlier this week we spoke to the longtime ceo of Emerson Electric he knows more than all of us i think he might be willing to break up the business, literally split it in half i love breakups. They tend to be fabulous for shareholders but does that mean you can buy the stock of e
Bed Bath & Beyond stock jumps on report company received bids for Buybuy Baby unit : Rashtra News #Bed #Bath #stock #jumps #report #company #received #bids #Buybuy #Baby #unit A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch on November 17, 2018 in Torrance, California.Randy Shropshire | Getty