Investors wanting to make sure. It is a shortened week so some traders might be taking off after all of the action earlier this year. David it has been exhausting for traders. He mentioned we had the best quarter last year. You mentioned. That might not be good news because i saw a note from you that said historic as we go back to big shift in the market and there is a recast in the bottom. Recast sixere was a or seven months after the 1929 low. A similar situation in the mid1970s. In 2000 there were several that went lower. 1987, the longterm is as of 2008. All of history does suggest that there is some sort of a significant testing of the s p 500 lows. There are also some options that i talk about saying that there are signs of that coming. When that may come is unclear. Investors are going with the fed and central bank liquidity. Unless there is a systemic shock that undoes what the fed has been able to emblem it and support markets implement, it seems that stocks could go higher. H
The scene. We had the huge selloff down 35 from the highs then the giant bounce back this week, up 19. 9 going into today. A real pasting most of it at the end of the dow with the dow slipping 915 pounds, s p climbing 3. 3 . Nasdaq falling 3. 79 just like yesterday, which had the big whoosh up, this had the whoosh down. We need to figure out whats next either a continuation of the selloff evolving into a retest, where the market goes back into earlier lows or take them out or resting period, setting us up for the next move higher not much in between here what makes the situation so dicey . Next friday we get the labor departments nonfarm payroll report based on this weeks hideous jobless claims number, we could expect a real doosey this market is a tug of war between the bears bracing for a possible depression if we cant stop covid and the bulls betting on a boom if we do beat it because of the liquidity being injected into the system by the Federal Reserve and by the 2 trillion build
Host in your purple pen. Guest yes, in my purple pen. And i encourage, if you are if you have been or are a service member, i encourage you to buy this book for your mom for mothers day to show her you value her support. Its for moms, its for people who want to understand this life that we live, and its for anybody who loves the military. Host well, thank you so much for joining us, elaine really appreciate it. And it was lovely talking with you. Guest thank you. Great talking with you too. That was after words, booktvs Signature Program in which authors of the latest nonfiction books are interviewed by journalists public policymakers and others familiar with their material. After words airs every weekend on booktv at 10 p. M. On saturday 12 and 9 p. M. On sunday and 12 a. M. On monday. And you can also watch after words online. Go to booktv. Org and click on after words in the booktv series and topics list on the upper right side of the page. Youre watching booktv on cspan2. Next reti
Which talks about the fact that there were really two american revolutions, there was the revolution that we all know about, then there was a second revolution that took us from the articles of confederation to the constitution as we know it, principally fashioned by four of our founders. And then last but not least my alltime Favorite Book happens to be one that i wrote. This is shameless selfpromotion, but i wrote a novel published by simon schuster, got wonderful reviews. Not only did i write it, but im going to have to read it again and again and again. So thats my Summer Reading list as we given the summer. Booktv wants to know what youre reading this summer. Tweet us your answer, booktv or post it on our facebook page, facebook. Com booktv. Youre watching booktv on cspan2. Next retired u. S. Army generali Stanley Mcchrystal talking about how lessons he learned on the battlefield can be applied to the professional world. On behalf of comcast spotlight, it is my privilege to introd
This has just been terrific. Thanks for the conversation. Im looking forward to the book and going back and looking at your speech. I want to to see the real life ties between her life. Book tv is on facebook. Like us. Youll see behind the book videos and pictures. Facebook. Com book tv. They weigh in on Hillary Clintons campaign. That starts now here on book tv. [applause]. Thank you it is always a pleasure to be invited to speak in some cases when chris only gives me 15 minutes. I enjoy the audience at the library. Awful, engaging and respectful. It is a distinct honor to be able to introduce a longterm friend of the Nixon Library. During the nixon yearsthere are vivid memories of the 1968 Republican National convention. It was watched on a black and white tv late into the night hoping for his nomination. We have come to learn more about Richard Nixon and the marquee left on our country and the world. As i look at our state of the nation nixon now more than ever. Q is a frequent figu