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And say the market is reaching extremes of being oversold theres been signs of internal panic and we were set up for at least some kind of snapback. A couple caveats there, we did have a couple tuesday rallies of 5 and 6 the past couple weeks that did not arrest the downtrend. One thing you can hang a little bit of weight on right now is the fact that over the past several days youve been able to look below the surface of the indexes and see more differentiation, separating winners from losers and a little more stock picking and less indiscriminate selling all sets us up for a good bounce on obviously expectations of policy traction that were getting from the fed and congress likely. All that seems to say its a bounce, a very strong one, its an overdue one will it carry on to anything i dont know that we can say for sure, but i like to say every bottom start with a bounce, not every bounce becomes a bottom. In the meantime just i think to put your point into one phrase, its turnaround ....
Narrator 11,000 miles from San Francisco, 8000 miles from new york, there lies a primeval desert, a mass of drifting sand and sunbaked earth, one third the size of the United States, a place of ancient glories, long ago a center of thriving trade where came the merchants from india and china to barter their wares for spices, and fell into eclipse and remained until very recent years remote, unknown and isolated. Most of its people were the bedouin camel herders and shepherds who roamed the area, hostile wastes from one oasis to another in the wake of scattered rains that produced shortlived patches of vegetation. Monotony and poverty were the common lot. But in their abiding faith, they found solace, for religion is not worn like a cloak in the arab land. It is a vital part of every good moslems life. Mohammed united the arabs, purified their customs, bound them into one people ....
You just heard scott talk about that. Youll see it right here. We begin with the markets. Dom chu has those markets. Dom, good news. Maybe some good news over here, deidre. Take a look at this. The markets are green across the board for all the major indexes. The dow up about 0. 2 of 1 , 39,229. The s p 500 up about 18 points, 1 3 of 1 gains there. Tilting towards the higher levels of the session. We were up 23 points at the intraday points and down 11 at the lows. So theres your range in context for the s p. The nasdaq composite, the tech heavier index, up one half of 1 , 16,322 for the nasdaq. Up about 82 points. One of the key stocks helping is a bounceback were seeing in tesla stock. Up about 2 3 of 1 right now, 168 and change. Remember, trying to bounce back from those disappointing delivery and product production numbers from yesterday. A number of analysts with some price target cuts. But shrugging that off. The shares trying to get some kind of footing above that 165 market. Th ....
One that moved stocks, if not the markets themselves. Theres one stock on the move today, apple, another all time high. You know, josh, this is becoming a recuring theme. Market opens, apple hits a new high. Qs hit a new high. Heres whats interesting about apple that i dont think a lot of people have proseccoed. Apple made a market cap all time high in february 2015. And then even though price continued higher eventually, its not until friday that apple repeated and made a new market. Thats because of all the buybacks, so it really took two years for apple to become worth more than it was in february 2015 and now were through that level, 790 billion, the most astonishing thing i could point out, this was a stock that is now up 31 year to date. Far outpacing year to date anything going on with the dow, s p, people thought this was a consensus. It will do what the market does. Very, very far from it, my friends. Wyche, this is becoming get in the way of this at your pe l peril. You came ....