It s odd to have a market jumping with bonds jumping. gold jumping, oil jumping, for a while bitcoins jumping and everything is rising. something s got to give. and we ve been looking at the financial laws, and no doubt. neil, the thing is, i agree that we have strong fundamentals and that s important. but we see some signs and i am concerned and we definitely need to make sure that we are not, you know, taking things so far to the left, that we can t recover economically, and china is a big one. there s enough cautious that it would off set the giddiness to keep markets going. and there are two arguments to this, you can look at what s happening in the bond market and gold and say that that s a safety trade on the table. another way to look at it is to say that investor appetite at least here in the united states is strong and they re looking
Reserve tapering back its stimulus plan. lot of volatility and nervousness. the dow rose 100 points during yesterday s session but ended down 100 points. the vix, the fear gauge in the market jumping as well. the s&p 500 is up 13% this year, dow futures this morning are off about 25 points right now. yahoo! is giving a new lease on life to old e-mail accounts, beginning next month web surfers will be able to claim a new handle that had previously been used but became inactive. the move lights a fire under you guys who haven t logged in for a year. use your yahoo! e-mail account july 15th or you may lose it. one of the most recognizable features of social media coming to facebook, the twitter instagram. facebook had stiff competition in advertising and is looking for ways to stay competitive with the rapidly changing social
From five to eight days and in the interim the oil prices can act crazy. guest: they can. we saw extreme volatility today with market jumping around a dollar in a few minutes on different headlines. the one thing you have to remember, neil, if the storm doesn t do as much damage, usually the products like gasoline and heating oil will go down more than they who is gone up than before the storm. i am very concerned about this storm because of its track. a category two storm in alabama or into new orleans could create the type offed if waters that could shut the refineries down. you do not have to go too far around to see what impact refinery outages can have on communities whether you talk about the chevron fire, off the coast of california, or the problems in indiana, they could cause severe price hikes and we had a major refinery explosion
Be. market jumping, but not to new highs. simply revisiting 4-year-old highs. such is our world when such is the stuff in which we find solace. where we look at growth rate of 2% and say well, it could be worse. or 4.8% unemployment rate and say well, it certainly was worse. how is less bad is the new better? last time i checked it is bad to be looking at unemployment rate north of 8% at this stage of the recovery. it is bad for 200,000 plus new jobs in a month when we should be setting trip that rate in this stage at a recovery. bad to look at $4 gas, because at least it s not at $4 gas. my god, what has happened to us? have we been so beaten down for so long we have had the senses beaten out of us as well? where we welcome smaller deficits under $1.5 trillion and call it progress. celebrate cutting $4 trillion off our national debt on pape