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Aug 5, 2009
08/09
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you're terrific, standing up at the chalkboard and nell hennessey, portfolio manager at hennessey funds. good to see you, buddy. let me start with chalkboard stuff. we came in a little light today on some stats. i wouldn't get too excited about it. this is the itm non-manufacturing index, call it the services index. it came down here a little bit. people thought maybe it would be a little stronger, it was running up in the 46 area, people were hoping it would break 48. all i say is the trimline is still unmistakebling. you're still running a good trimline. the second number that came out a little light, adp private employment survey. it is what it is, doesn't correlate perfectly with the payrolls that will come out friday. it is a private payroll survey and came in a little bit light. people were looking for something a little stronger, that is easier, less jobless. you know what, it's still the lowest job loss number in nine months, i think it came in around 370 and people looking for minus 350, still the lowest in nine months. that sets the stage a little bit. we'll come back to other
you're terrific, standing up at the chalkboard and nell hennessey, portfolio manager at hennessey funds. good to see you, buddy. let me start with chalkboard stuff. we came in a little light today on some stats. i wouldn't get too excited about it. this is the itm non-manufacturing index, call it the services index. it came down here a little bit. people thought maybe it would be a little stronger, it was running up in the 46 area, people were hoping it would break 48. all i say is the trimline...
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Aug 6, 2009
08/09
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neil hennessey, who has never been seen in the same place as dr. phil. -- they've never been seen together -- and paul larson, equity strategist and editor of morning star's stock investor's monthly news letter. paul, what do you think, is cramer right, it's all the big boys? >> i think he's partly right. when you look at the day-to-day volume of trading, i think the institution -- the institutions are clearly driving the bus right now. but the retail investor is getting on the bus and is contributing new capital to the market. when you look at mutual fund flows to equity mutual funds, they've actually been positive the last couple months, every month since april. also when you look at popular retail brokages like e-trade and ameritrade, they are gathering assets and seeing 20%, 30% in their trading. so the investor is definitely coming back into the market. >> what do you think? >> i think paul is to a certain extent right. what's happening there have been net flows in the equity funds. but 80% of the money that's going into mutual funds today approxima
neil hennessey, who has never been seen in the same place as dr. phil. -- they've never been seen together -- and paul larson, equity strategist and editor of morning star's stock investor's monthly news letter. paul, what do you think, is cramer right, it's all the big boys? >> i think he's partly right. when you look at the day-to-day volume of trading, i think the institution -- the institutions are clearly driving the bus right now. but the retail investor is getting on the bus and is...
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Aug 11, 2009
08/09
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keith hennessey who worked for bush sent in the strongsal testimo -- congressional testimony that said how much it will take to fund it. the cpo is the fishy one. >> we're always cry iing gus cr when george bush was trying to monitor terrorists. health care costs have required insurance companies cover all kinds of things like massage therapy, refuse, all these states have refused competition across state lines searly reduces competition and causes the big insurance companies to come to the to. these are government mandated programs caused costs to go up as have tax laws that required employer provided care and artifici artificially provided consumers thinking they're not paying for it when in reality we're all paying for it. >> i want to stay with the politics for a second. to some extent, isn't this health care plan in trouble, particularly the government insurance component because of the huge deficit, 13% gdp for this fiscal year, $800 billion in stimulus, $700 billion in t.a.r.p. people are worried about the size and scope of government, degree of control. we own general motors, y
keith hennessey who worked for bush sent in the strongsal testimo -- congressional testimony that said how much it will take to fund it. the cpo is the fishy one. >> we're always cry iing gus cr when george bush was trying to monitor terrorists. health care costs have required insurance companies cover all kinds of things like massage therapy, refuse, all these states have refused competition across state lines searly reduces competition and causes the big insurance companies to come to...
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Aug 26, 2009
08/09
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actress, sing, and songwriter, jill hennessey. >> and at the nasdaq, whole foods markets, ticker wfmistore in manhattan. >> one right near me. i love it. fabulous. all right. our market reporters are standing by at the new york stock exchange, the nasdaq, the nymex, cme group. let's start with bob pisani down on the floor. bob? >> hello, melissa. durable goods didn't really move the market even though it was much better than expected. maybe new home sales at 10:00, prices have helped. the big store roift morning is what they said in china. aluminum corps of china had a poor report. aluminum prices have been weak. demand is poor. it's what they said about the chinese government that is interesting. actively buying aluminum from march to may of this year. what happened at that time? that is when the market bottomed. march through may, aluminum prices went up dramatically. copper prices went up 60%. maybe they are recognizing they have a bit of a glut on their hands. the cabinet said they're going to use enhance management. hello, we're from the chinese government, we're here to curb exc
actress, sing, and songwriter, jill hennessey. >> and at the nasdaq, whole foods markets, ticker wfmistore in manhattan. >> one right near me. i love it. fabulous. all right. our market reporters are standing by at the new york stock exchange, the nasdaq, the nymex, cme group. let's start with bob pisani down on the floor. bob? >> hello, melissa. durable goods didn't really move the market even though it was much better than expected. maybe new home sales at 10:00, prices have...