Down 69 centstwitters first weekly loss. The stock closed down 6. 8 for the week. And homeowners in new york and new jersey are already making money on the superbowl by renting space on sites such as homeaway. The big game is feburary 2nd at metlife stadium. Lets check in now with Scott Shellady of trean. Joining us now to talk all about the market. Good monday morning to you today and of course we are facing a holiday week here, so what do you anticipate as far as as far as volumes in the Trading Market . Well volumes are going to be thin. We are not open on thursday. Its the end of the month, you have to be careful these quiet markets tend to be volatile and because theres not a lot of selling behind you its hard to get short. Quiet markets tend to gravitate sideways to slightly higher, be careful about getting short because you are going to need that calvary to come in, let you out and then sell it back to you. Its an ominous there and like some good advice. Thank you for that scott
Point the selling was far worse and it looked like we could be in the midst of a major rollover. Still today like yesterday, the buyers and sellers did real soulsearching, and what exactly are they pondering . Basically, theyre trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more . Its a firstclass quandary that we have to dive into headlong on mad money if were going to figure out the markets move. Its distracted and a parlor game and we find you the best stocks and the best opportunities. The only focus on the feds next move the last three years, you missed some of the single best moments to invest in our lifetimes. I regard that as terrible. I regard it as shameful because this fedcentric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and its the market as a marionette. My favorite credo is the opposite. The stocks repre
In the midst of a major rollover. Still today like yesterday, the buyers and sellers did real soulsearching, and what exactly are they pondering . Basically, theyre trying to figure out if good news about the economy is bad news for stocks or is the opposite the case, as the economy improves should we like stocks more . Its a firstclass quandary that we have to dive into headlong on mad money if were going to figure out the markets move. Its distracted and a parlor game and we find you the best stocks and the best opportunities. The only focus on the feds next move the last three years, you missed some of the single best moments to invest in our lifetimes. I regard that as terrible. I regard it as shameful because this fedcentric world presumes that the market is one big stock that is sent higher or lower by ben bernanke and janet yellin and its the market as a marionette. My favorite credo is the opposite. The stocks represent companies and the companies march to many different drum e
Report at the bottom of the hour. Sue is at the new york stock exchange. Hi. Thank you. Stocks a little higher today but not really too much change. Just a day after the dow closed above the 16,000 mark for the first time ever. Lets take a look at where we stand. The Dow Jones Industrial average up 21 points, 16,31. 10. The s p up about 5 at 180154. The nasdaq up about 18 points at 3987. As stocks keep moving higher investors have been shrugging off all of the warning signs of a pullback. Dominic chu is going to take a closer look at those cautionary flags and how theyve panned out so far. Hi, dom. So yes, weve been telling you about these yellow or red flags that the signs that things may be due for a turn. We wanted to revisit a few to show you whether or not they have panned out and whether or not investors have cared. The first one is going to be about valuations. A lot of investors and traders say valuations are stretched, too high above their historical average. That means the ma
16,000 last november. And weve been adding on average, what 2,000 dow points a year since the low. March of 2009, weve gained more than 10,000 points in that time on the dow, works out to that amount. Dont have to get to 17,000 mark for it to be another historic session. Another close higher for the dow and s p 500, they will be new record highs. Stick with us, all the stats. Any number you want weve got it right here for you. Speaking of stats, truly an uber valuation for uber, cut put at an incredible 18. 2 billion valuation. Is that justified . Uber Ceo Travis Kalanick will join me exclusively for much more on that store sghe trending on twitter all day and also trending all over the jobs report as well. What the numbers really mean to the economy and that guy, if you dont recognize him, mission all the facial hair that he used to have. Pimcos brand new chief economist paul mccully will be here with a take you might not expect coming up here in a few minutes on closing bell. Let me