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the stock market ever since interest rates started to go higher a few months ago. today was one of those days and produced some fabulous results. dow went up. nasdaq rocketing 1.1% higher. so went right, what did the market like so much? it s a compelling mosaic. one that s directly related to steals and earnings of the individual companies reported and much less to do thank heavens with the big mac row day that that comes out of the u.s. government. maybe we have been blinded by good news because of the uncertainty surrounding syria and the rise of interest rates. but when you get a sense that the government can do something, and that the republicans will work with democrats even if it s toward a resolution to action in syria, that allows you to focus on the news of the individual companies and measure what it means for the earnings and therefore for their stocks. and when interest rates don t do much of anything, people feel emboldened to buy buy buy, not sell sell sell.
New-yorkUnited-statesCanadaJapanAustraliaTexasLake-landFloridaDelawareMinnesotaChinaIllinois we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. you can t come from a given day like today, dow 107 points, hey, happy days are here again, right? this is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. however, i think it s been increasingly apparent that we actually may not get a deal in time of the january deadline, something warren buffett pointed out. you don t need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sangwin multi-year view of stocks. he can afford to take the long view. if we take the plunge over the cliff, it can cost everyone $2 million, makes everyone pay more in taxes. i don t really want to have this gear. the president said today he thought a deal could be done by christmas
United-statesWestportIllinoisNew-hampshireTexasAlaskaColoradoFloridaVirginiaStephanie-lakeMichiganWashington finest mountain-climbing attire i can get my hand on because i now believe that we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. you can t come from a given day like today, dow 107 points, hey, happy days are here again, right? this is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. however, i think it s been increasingly apparent that we actually may not get a deal in time for the january deadline. something warren buffett pointed out. who am i to disagree. you don t need to change your philosophy just because we cliffed you. long term it might not matter. not all of you share his sanguine multi-year view of stocks. not one of you shares a bank account close to the size of the man that created billions of dollars of wealth. he can afford to take the long view.
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