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We just nailed down an eighth straight up day for the dow. Even the nasdaq, okay, it dipped 0. 3 and this is confounding to a lot of people who dont understand that what certain public figures say is not necessarily what they mean. It is s though the whole thing is choreographed like a netflix series, probably rated number eight on the new movies page, and although as exciting market strength is for me, actually, the latter is not so good. So, maybe you better watch it. Let me direct you to the game plan so you know exactly why i say it is a netflix drama. I really ought to get you involved with what is in my head right now because im really kind of tired of hearing things and not being able to interpret them for you. For instance, monday, the president of the cleveland fed speaks at 9 00 a. M. Will be well covered, of course. Both a hawk and a bear. Her talk with philip jefferson, the levelheaded vice chairman of the fed board of governors will give nestor a chance to start to articul ....
Sharply yesterday. Today a knock on gains, ftse mib leading higher in italy, 0. 89 . The german dax up 0. 3 . The ftse 100 up 0. 50 . Its maybe a focus on brazil, argentina coming into the discussion of late. Heres crude, up about 1 on wti, 49. 84. Brent up to 53 bucks. Nat gas up 0. 2 . The tenyear note at 2. 118 has moved up nicely. Now 2. 247. Youll take it in this kind of environment. And the dollar which has weakened substantially over the past couple of weeks hanging around 97 1 2. Its down about 0. 4 this morning. Finally gold. See how the yellow metal is doing. When will we add bitcoin to the board. Theres gold, down about 0. 10 . Good question what color is bitcoin . I think its gold. I have no idea. I thought it was an image of a gold coin. An image. It doesnt really have a color. Its a virtual theres all these other coins, theres icos now. Instead of buying a share of a company, you can buy a share of a currency from one of these cryptocurrencies. Well have one of our disrup ....
And everything we loved buy, buy, buy. Sell, sell, sell we now hate. Some stocks, the cyclicals and especially the oils were laid to waste while others, the Consumer Product stocks roared higher almost regardless of how theyre doing. All this action is masked by the averages. The dow sank 54 points and the nasdaq declined 5. 47 and underneath the market is seething and roiling and you know what . Its begging for prognostication. So what is going . Why are we tossing out the Natural Resource stocks and embracing stocks that do well in the slowdown . Three reasons, the United States, europe and china. Big reasons. All of the three legs are developing some chinks and theyre showing in a way thats freaking out owners of stocks that we havent seen since Interest Rates ....
Since the Obama Administration began. You got to ask yourself why isnt this market down more than it is . How in the heck have stocks managed to stay resilient with the averages actually up most of the day before backsliding. Dow closing off 67 points. S p declining 0. 2 . But the nasdaq actually inching up 0. 08 . Any explanation for the underlying strength is pure supposition. We should be going down hard right now. Right here. As we did right about now, for every single federal level imbroglio since weve had so far. In other words this was the day they started versus the event. The october 1st date for when a Government Shutdown is supposed to be begin, it looms so large. There isnt a single sign that there will be a deal. None. We could be in for a prolonged period of ranger and indecision, both of which are bad for business. So how can we think this time will ....
Bead beat. Europe in the green as draghi continues to talk down the euro. A shareholder friendly quarter for apple. A beat on the top and bottom line. Increased buyback, stock split calling it the isplit. Twofaced quarter for facebook. Profits blew away the estimates but Company Warning there might be a new normal of slower revenue growth. Another beat and victory for cost cuts, caterpillar raising its outlook. Sees improvements in the building industry. tis the season to make a health care deal. Zimmer buys rival more than 13 billion is the Purchase Price. The industry ripe for more consolidation . Apple coming off the companys best nonholedy quarter ever. Results did beat expectations as almost 44 million iphones were sold in the period. Apple announcing the seven for one stock split, 8 different hike and increase in the S ....