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The exits . Joining us again todd where the dow gained 26 points, nasdaq climbed 0. 74 . You know, some feel very different since this election of donald trump. Theres a sense of optimism about stocks, and that optimism seems to extend to both republicans and democrats. Whether you love him or hate him, people are clearly buying stocks the way they used to before stocks became persona nongrata when it came to places where to your money. Its almost as if some sort of magic wand was waved that removed the gloom, busted it, and its being transmuted into higher prices even without any facts behind this move other than the kind of throw the bums out logic that you get whenever the white house changes handing from one party to the other. But heres whats hard to argue with. Many of the biggest moves ive seen in my career started without any apparent basis in the facts. Let me give you two of the most prominent examples from my 36 years of investing. First was when United States , New York , North Carolina , San Francisco , United Kingdom , New Jersey , Howard Schultz , Steve Palmer , Elizabeth Warren , Chuck Robbins , Ronald Reagan , Jim Cramer , Scott Guthrie , Asia Pacific , Fred Smith , Dodd Frank , Alan Greenspan , James Gorman , Bret Taylor , John Stumpf , Brian Sullivan , Rick Clemmer , Todd Dow , White House , Great Bear , Interest Rates ,
He sold apple sell, sell, sell thats the stock hes closely linked with. He is concerned about chinese weakness. Those comments tipped the scale the whole day and sent the market plummeting. S p 500 lost. 92. Of course, apple got crushed again, losing another 3 . It is in total tech purgatory for the moment. Does this kind of action make sense . I totally understand why people would feel nervous that icahn doesnt like apple anymore. He has been such a supporter. It was like a jarring end. You have to decide for yourself whether you like the stock our dont. You have to rely on your own judgment. Not carl icahns when determining whether to love or hate individual koixs it is your money. Not his. The question is, im sure people thought, why dont i just sell everything . People are panicking left and right. It was a bad day. Ill tell you. Why ill tell you why you dont sell everything. There are plenty of companies that are delivering on the promises right and left at this moment. And they w ....
This is antisnob stuff. The rich types dont use it. But priceline is the google of all things travel and all things eating too. I still want priceline to buy yelp, another stock. But the reiteration of priceline is beating, it keeps beating the numbers. Almost every time a report it gets hammered how many times have i told you to buy it when it gets hammered . You have to. Make no mistake about it. Its both a travel play and the online reservation system for all the frugal shoppers out there. It explains the gain over the ten years since googles become public. Theres one stock im hammering you not to trade, just to own. That stock is apple. Up 4485 in the period since google became public. I say just own it. Because wall street plays this quarterly parlor game i despise. Each time acting as if its going to live or die by some 90day period. The analysts upgrade, downgrade on iphone count. Apples overall performance shows how ludicrous that kind of notion is. Thats not how you judge appl ....