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Now below 48. Roll back with china falling hard. The biggest drop in eight years. A 40 billion farm pa deal. Teva buying allergan and mylan and facebook. Its two price targets ahead of wednesdays earnings. The impact that is having on the nasdaq. First up this major selloff in china. The s p and nasdaq each coming a off the worst week since march. Jim, you have been fielding questions on twitter all morning long. Why the pain . You wrote, because we are china right now sample we are. I mean look i wish which werent. It was amazing to watch china roll over in the middle of the night and then see our futures unchanged. Thats just false. I mean the reason its false is because there is a link between minerals arc link between oil and us. So we have a lot of companies that i think arent going to do well with coin going down. More importantly the rest of the world, holly cow, is brazil going to take the product . Europe . You need to see europe get stronger, brazil not just kind of go away a ....
Manufacturing contracted for the tenth straight month, and contracting at a faster pace. And this ban on Insider Selling will end in a few days. China put in some Circuit Breakers that remind me of 87 and they didnt know how the Circuit Breakers would work. They encouraged selling, not discouraged it. The communist party can be late at figuring out what to do. I would not count them out in terms of their ability to manipulate the market back up. One thing is certain of 2015, in the face of bad economic data, the market did not react because the communists propped it. They have abilities to stop selling, including making it criminal prosecution. It could be criminal again to sell. That we all know thats true. Could be a White Collar Crime once again to sell. ....
Decelerating while a seemingly endless stream of Federal Reserve officials keep talking about the opportunity to raise rates. Why . So the f f can lower them agaiai when the slowdown at cisco ceo Chuck Roberts is predicting hits home . Could they really be that obtuse . All this came on the back of another pounding of the oil futures which in a bizarre twist is now regarded as awful news for the economy. Ththbears thesis is simime, the money saved at the gas tank means nothing. At the same time, the decline in oil is taking away one of the great growth stories of the u. S. For this era. Its a double whammy of bearishness. We know about the tragedy that unfolded friday night in paris, one that put the market selloff in p pspective. However, the fact is pain bebets gloom. Pain is the most salient emotion weelt about those horrdous events as we learned about them. On sunday even ....
Gains. Dow only closing up slightly, dow dropping, nasdaq risg. I know. I know i felt the gloom. It was palpable. All last week as retailer after retailer disappointed, and the oil and Technology Stocks were pounded mercilessly, i w blown away by how genuinely weak the market had totally become. I was on the rope friday. I was following the market best as i could. You should h he seen me. I sneak it in everywhere, look at this, thats whats great about this thing, look at that. There was madness everywhere i looked. The night before we got that nightmare report from nordstrom, the one that pretty much indicated the consumer had simply stopped shoppppg, this is such a good retailer dont just say maybe people stopped shopping at nordstrom. No way. You assume people decided they already had everything they needed. When you combine nordstroms ugly comments with the hideous numbers from macys during the week, that incredibly glum the ....
I know. I know i felt the gloom. It was palpable. All last week as retailer after retailer disappointed, and the oil and Technology Stocks were pounded mercilessly, i was blown away by how genuinely weak the market had totally become. I was on the rope friday. I was following the market best as i could. You should have seen me. I sneak it in everywhere, look at this, thats whats great about this thing, look at that. There was madness everywhere i looked. The night before we got that nightmare report from nordstrom, the one that pretty much indicated the consumer had simply stopped shopping, this is such a good retailer dont just say maybe people stopped shopping at nordstrom. No way. You assume people decided they already had everything they needed. When you combine nordstroms ugly comments with the hideous numbers from macys during the week, that incredibly glum conclusion seems unavoidable. The closets had no more room. The b ....