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Thinnest of reeds which is why the averages were able to war today. The dow which gained 470 points, s p advancing 2. 28 . Its hard to find a positive button house of pleasure the nasdaq gaining 1. 72 . All right, what happened okay, this morning President Trump told us hes brokering a deal between russia and saudi arabia so theyll stop flooding the world with oil that will help the price of crude to rebound back to the 20s and trigger a short rally in the stock market. One that couldnt be taken down by the shroud of gloom even as the shroud kept trying to take it down. Intermittently until being ripped from the markets rarely bullish face buy, buy, buy yep, we live in a bizarre world where wall street can momentarily overlook the fact that 6. 6 million americans filed for Unemployment Insurance last week a mindblowingly horrible record breaking number. Instead, we b ....
Doc, you are on the island and you are saying that they wont go at all. Well, no, i said that once this year, and i think it is december, and we will see whether or not they go, judge, because it is closer, and closer to the coin toss as to what janet yellen says tomorrow, and that is going to influence the markets. Today a trade in the vix, and the reason i bring it up is that a lot of people were voting that the vix goes down lower and one of the reasons is that if ms. Yellin is dovish tomorrow, and they bought a ton of the i think the 13 and the 14 puts with the vix right around the 15 level. Let me stop you. The risk is that she is more hawkish tomorrow. Well, i disagree. For some. Well, i disagree, they dont move and tell the market that they are not datadependent, and not serious about normalizing and lose the credibility of going than not going which is what happened last september frankly, so is they have gone out of their way with the latest barrage of 900 speeches to tell peo ....
Get another 2 to 5 inches of rain. Noticeably less, though, into the trivalley and parts of the Santa Clara Valley for tomorrow. As it begins to funnel down towards the russian rivers, theyre not expected to go to flood stage. The highest crest getting up to 29 feet which is moderate stage. Three feet below flood stage but you can see how all this weekend rain adding up to more rises on the river, coming up how much rain you can expect for your sunday and what to expect over the next few days and a bigtime boost of the snowpack in the sierra. Well talk about that coming up. That is good news. Thanks so much. We are also starting to see flooding on the freeways. Take a look. This is water that is just sitting on i80. Approaching 101 in San Francisco. Traffic moving slowly. Thank goodness for that. As you can see this is dangerous when you come across the standing water so a ....