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CNBC Power Lunch January 12, 2015

With sue at the new york stock exchange. Hi sue. Hi,ty. And an accelerated slide in oil prices dragging stocks lower right now. The dow is down about 97 points on the trading day. As you mentioned, Goldman Sachs u. S. Equities strategy david costen explains why he thinks there could be an equity pullback next month. When we look at the data that has come out, we have for the last five weeks, the long positions are at an extreme. One of the highest extremes weve seen in a long time. And therefore, that would suggest that the u. S. Equity market is likely to experience a pullback some time in the next four to six weeks. And that would be pretty consistent with the magnitude of an extreme reading we see in the Commodities Futures Trading Corporation data. So, is mr. Kostin right . Lets bring in jeff hussey global chief
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MSNBCW Melissa Harris-Perry January 18, 2015

Good morning, im melissa harrisperry. Hes a lame duck. He has a congress dominated by the opposing party. But despite rumors of his political demise president obama is kind of on a roll. Since his party lost the senate in november the president has allowed 4 million undocumented immigrants to come out of the shadows. Hes rebuilding relations with cuba. Hes pushing congress to catch up with the rest of the world and force employers to offer paid sick days for their workers and give paid parental leave to federal employees for the first time. Just this week the president s department of justice put major restrictions on a program that has allowed police to seize 3 billion worth of cash and personal property since 2008. The Washington Post called it quote, the most sweeping check on police power to confiscate personal property since the seizures began three decades ago as part of the war on drugs. And hes trying to give free college ....

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