the rules. i don t blame them. i was a rambuncous kid myself. i didn t believe they could help. even if they cushioned the inevitable downside. in order to keep me from losing big money when things went bad ly ly. the rules i m discussing keep you in the game when things are tough and you make those mistakes. the rules protect you against your own bad judgment about what is going on and the companies you own or whatever is happening in the market, but if you re going to the own money because you can t get return anymore else these days which is the case, you re going to have to work harder with your money to do so, and that requires discipline. discipline because once you start buying and selling stocks you can make more mistakes than if you just do nothing with your money, but if you do nothing with the money you ll have a lot of nothing to show for it. the that s why we are doing a show tonight on how to trade and invest responsibly to make your money work for you. how to t
they don t like to be admonished or follow the rules. i don t blame them. i was a rambunctious kid myself when i started to manage my own money. when i learned the rules i spurned them because they cut off my upside. even if they cushioned the inevitable downside. in other words the rules kept me from making a huge amount of money when things were going gang busters in order to keep me losing big money when things went badly. the house of pain. the rules i m discussing tonight keep you in the game even then we you even when things are tough and you make the mistakes. the rules protect you against your own bad judgment, about what s going offing on in the companies you own. but if you re going to make money buying stocks because you can t get much money returned these days that s pretty much the case you have to work harder with your money to do so. that requires discipline. discipline, because once you start buying and selling stocks, you can make more mistakes than if
the rally s sales. we only need a gain of about eight points for a new high. we re already up 60, and that s even off the highs of the day here, kelly. that s right. so, we re sitting at 17,120 on the dow. there are reverberations from yellen s remarks, particularly in biotech, down today. that may speak all more to the strength we re seeing across the broader market here. obviously, keeping an eye on the big names involved in the mega deal you mentioned, we should note right off the bat, shares of fox are down almost 4%. shares of time warner are surging today. cnbc first to report that rupert murdoch s 21st century fox is trying to buy the company, even though time warner is saying no. murdoch is apparently pressing. we will speak with former universal chairman bob wright, who knows all the players involved here, about how this might play out. will murdoch add to his empire? how much could it cost him when all is said and done? and does it make sense in this environment
one part of building real wealth. there are some people, call them the 1% if you will, who can make enough money from their ordinary day to day income to become truly rich. what a great thing. but for vast majority of americans, that paycheck is not enough. you need to augment it, work with it. if you keep watching, i m going to tell you how to do that, not just for the next year or two years but for the rest of your life. now, usually i come here and tell you what i think of the market, what themes i think are best, stocks that best fit those themes but the truth is before you start investing in stocks there are a lot of other things you have to do if you want the payoff from those investments to mean something later on in life when you most need the money. you may not want to hear this, but it s absolutely fruitless to think you can get rich in stocks if you haven t laid down a foundation for building long-term wealth beforehand. what do i mean by that? simple. i can make a
rallied to record levels. s&p climbing .28%. by the way that s a 15-year high. yep. bull markets take their cue from johnny mercer. as investors ak sen wait the positive eliminate the negative and don t short mr. in between. let s start with some big winners. last time we learned the u.s. is investigating whether the gold market has been rigged by some of the world s largest banks. now, we re all used to what happens after that news right? immediately the targets get hit. and all too often the case one of them is the bank jpmorgan. just when the stock looks like it s going to break out we get this investigation. and like chuts and ladders this seemed like it was headed right back down into oblivion. oh, but not in this market. jpmorgan convenes an analyst e meeting and going to charge because under the new capital rules the company is penalized for too much capital. so the stock doesn t go down at all and looks flat before the openings. some hoped jpmorgan might have split it