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Apr 17, 2012
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let's tighten up the vix? should we be worried about a recent spike. even after the vix is down?astian says no. this chart looks nothing like those transition periods when the vix was whipping around wildly. nothing. how about the spike this week? as you can see, each of the last four months, we have a moment where the vix pops in a big way before siding back down. the overall pattern, the overall volatility declines and, therefore, so is the fear. what would make sebastian worry. and the vix makes another view higher and manages to break above 21, and the next low stays above 15.50, then you might get nervous you are in one those awful transition modes. things looking good. and that's the takeaway. the bottom rhine, don't let the bears ruin your confidence. we are not headed back to a period of heightened fear and market volatility that will leave to a big decline. he says we're still on track for a long streak of low volatility where you can come back in and stop being afraid and start feeling good about investing in stocks again. "mad money" back after the break. ♪ dave, i've
let's tighten up the vix? should we be worried about a recent spike. even after the vix is down?astian says no. this chart looks nothing like those transition periods when the vix was whipping around wildly. nothing. how about the spike this week? as you can see, each of the last four months, we have a moment where the vix pops in a big way before siding back down. the overall pattern, the overall volatility declines and, therefore, so is the fear. what would make sebastian worry. and the vix...
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Apr 12, 2012
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today the vix came down 14%, but guess what? in between then and march the 26th the vix was up 43%. again, since 2008 we have seen multiple, and i mean multiple monster rallies in volatility. off the 14 to 15 range. do you not want to be a sucker at those levels, and just get yourself out of the way is the best way to protect yourself. >> michael on the options desk, what are you seeing in the future when it comes to volatility in the market? what does it tell you about market moves potentially in the coming weeks? >> it's really interesting, because for a long time we talked about the fact that the vix term structure, that is to say the vix futures, were trading at a big premium to spot vix which is the number that they keep talking about there. when we see those types of spikes because longer-dated expectations for the markets' general level of volatility don't change as quickly as our day-to-day expectations might. what happened the term structure really flattened out the exact opposite has happened now that the vix has come in a little bit. that term structure is starting to ste
today the vix came down 14%, but guess what? in between then and march the 26th the vix was up 43%. again, since 2008 we have seen multiple, and i mean multiple monster rallies in volatility. off the 14 to 15 range. do you not want to be a sucker at those levels, and just get yourself out of the way is the best way to protect yourself. >> michael on the options desk, what are you seeing in the future when it comes to volatility in the market? what does it tell you about market moves...
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Apr 23, 2012
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my key point, brian showed you the vix. you don't want to look at the price spot on the vix. put up some vix numbers today. here's your spot down 11%. that's not the big number here you want to watch. you want to look what's going on on the curve. may, june, august. these are vix futures. not down that much. 2% declines. if there was some world changing event going on in france and the universe was panicked, you would see these numbers going way, way up. normally the vix the cash is up on mondays for various technical reasons. if the rest of this was really a panic, you'd see all these numbers go up. that's making the markets calmer today. sharon, of course, we see weakness in commodities. >> risk-off is the key phrase i'm hearing on the floor, bob. we are looking at lower prices pretty much across the board in the oil market and many traders are saying the eurozone worries definitely a factor. the data out of china another contributing factor to the lower energy prices. and of course we've seen hedge funds cutting long positions as well in energy markets and other commoditie
my key point, brian showed you the vix. you don't want to look at the price spot on the vix. put up some vix numbers today. here's your spot down 11%. that's not the big number here you want to watch. you want to look what's going on on the curve. may, june, august. these are vix futures. not down that much. 2% declines. if there was some world changing event going on in france and the universe was panicked, you would see these numbers going way, way up. normally the vix the cash is up on...
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Apr 26, 2012
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of the vix, it's at a 100%. so if you're trying to buy the vix as a hedge, you're not going to make any money, even if we do crash. the only thing that people haven't priced in here is a melt up, the deflation, the big crash, the worry about that has been priced in >> i mean, at the end of the day we've got to go back and rewind the tapes. april, by the way, for every sector in the s&p 500 other than utilities is down. so if you go back to that period late march, early april, that was the right call so you've got to really think about growth slowing and whether or not you believe companies like cat because they can change their mind. >> got to take a break here. coming up, we're continuing to monitor all the action in the biggest after-hours action. dave barger ceo of jetblue and his interview following the company's earnings today. more "fast money" just ahead. >> 15 minutes of fame, we can't promise that. what about 15 minutes on "fast money," go to tout.com and submit a video question for the traders. we'll p
of the vix, it's at a 100%. so if you're trying to buy the vix as a hedge, you're not going to make any money, even if we do crash. the only thing that people haven't priced in here is a melt up, the deflation, the big crash, the worry about that has been priced in >> i mean, at the end of the day we've got to go back and rewind the tapes. april, by the way, for every sector in the s&p 500 other than utilities is down. so if you go back to that period late march, early april, that was...
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Apr 4, 2012
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i've been asked about the vix. the vix is about 17. the way to understand the vix, i'll put it quite simply for you, when the vix is around 16, the market is pricing into probability that the s&p will move about 1% a day in the next 30 days. and that's about what's going on. the dow moved 100 to 130 points, that's about 1%. nothing remarkable with what's going on. if the vix goes to 25, now you're pricing in moves of 1.5, 1.6%. that gets more radical. nothing really going on here that's of spectacular interest right now. brian shactman, we're having a rough day on commodities, aren't we? >> that is if you're long, bob. thank you very much. so much changed at 2:00 p.m. eastern time with the fed minutes came out. you take a look at crude today already trending to the downside. took a little leg down further when the announcement came out. it's not the only thing factoring in crude right now. a bigger than expected bill in inventories and saudi arabia saying even if the u.s. had the spr still maintain production levels. u.s. production le
i've been asked about the vix. the vix is about 17. the way to understand the vix, i'll put it quite simply for you, when the vix is around 16, the market is pricing into probability that the s&p will move about 1% a day in the next 30 days. and that's about what's going on. the dow moved 100 to 130 points, that's about 1%. nothing remarkable with what's going on. if the vix goes to 25, now you're pricing in moves of 1.5, 1.6%. that gets more radical. nothing really going on here that's of...
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Apr 13, 2012
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lots of focus on the vix this week. >> there absolutely is. for good reason. on the 100-day. i wouldn't worry about the 50-day right now. keep an eye on the 100-day just above near 21. we get past that level, i think you might want to start selling. >> doc? >> i think that's the same as far as if you see a real risk trade come on where people believe that after a few of these earnings have come out that we're going to start beating rather than just meeting expectations, then i think the vix does trade back down into the mid-teens. otherwise i think it stays above the 50-day. >> didn't mean to interrupt you tweeting. >> yeah. >> he's a serial tweeter. >> i've got calvin klein. >> yeah, right. coming up, final trades from the team. icans believe they should e in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planni
lots of focus on the vix this week. >> there absolutely is. for good reason. on the 100-day. i wouldn't worry about the 50-day right now. keep an eye on the 100-day just above near 21. we get past that level, i think you might want to start selling. >> doc? >> i think that's the same as far as if you see a real risk trade come on where people believe that after a few of these earnings have come out that we're going to start beating rather than just meeting expectations, then i...
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Apr 19, 2012
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so those will be listed for the vix. and i'd also point out echoing what mike said about apple. a month ago was moving about $13 a day. apple the last five days has been moving almost $24 a day. it's moved $32 as i've said twice this week. $32 moves. and that's not with all of the ups and downs, that's just from the high to the low. >> if you were raising alarm bells over apple and therefore perhaps the broader market, wouldn't the vix naturally be higher than where it is at the moment? this is a very low level. >> it's a relatively low level, i agree, and i think based on the earnings reports that we've seen thus far, though, i think we're justified being around that $18 level for the vix. as far as apple, it's certainly living up to this much higher volatility right here with the uncertainty. one day somebody says it's max, max sales are going to miss. the next day is today, verizon, somebody's got to read through there that they're not selling as many of the iphone 4s. i think the volatility's here to be taken advantage of in apple. >> more broadly, why was the volatility ind
so those will be listed for the vix. and i'd also point out echoing what mike said about apple. a month ago was moving about $13 a day. apple the last five days has been moving almost $24 a day. it's moved $32 as i've said twice this week. $32 moves. and that's not with all of the ups and downs, that's just from the high to the low. >> if you were raising alarm bells over apple and therefore perhaps the broader market, wouldn't the vix naturally be higher than where it is at the moment?...
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Apr 15, 2012
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the market in general closed really ugly today, and on its low, vix closed the week. and the day on its high, never a good thing. >> that's a great point. the vix usually does go up and this particular case, up more than the decline that the s & p indicates. it does suggest people are turning up numbers. friday, normally expect it to be lower and it would maybe take it higher on its own. >> we take a look at the changing of the guard. continuation of the momentum in the momo stocks, does that signal a market change? you mentioned apple. not just apple down for the week. take a look versus the s & person 500, losses for the past week are double that for the s & p 500. >> it looks frothy when you look at panera, yum, where tech is concerned, we saw google. looked like decent numbers. apple, we saw sandisk too two weeks ago, not an up day since it announced. awe supplier to apple. everybody thinks the apple supply chain, best thing ever. it's not. look at nokia, squeezing the heck out of suppliers and it's sucking the life out of market caps over the market. >> financial
the market in general closed really ugly today, and on its low, vix closed the week. and the day on its high, never a good thing. >> that's a great point. the vix usually does go up and this particular case, up more than the decline that the s & p indicates. it does suggest people are turning up numbers. friday, normally expect it to be lower and it would maybe take it higher on its own. >> we take a look at the changing of the guard. continuation of the momentum in the momo...
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Apr 4, 2012
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mention the vix, it's popping up 17. that's the cash contract you're seeing here. important thing is don't pay so much attention to the cash contracts. look further out and see what's going on here. you can see how the circles are occurring here. 21 here just a little further ou. markets are higher, but let me tell you something, kelly, i think the numbers will come down. the probability is if you look out further out, you'll come down on the vix and they won't be going up so much. that's what we've been seeing recently. these numbers have been coming down, not going up. kelly. >> all right, bob, thanks so much. >> why don't we stay now with the markets because it does seem like european fears what we coined as eurosis earlier this year are indeed creeping back into our collective investment psyche. joining us now is andre julian, president of trade aviator and rob morgan. rob, i'll begin with you. good to see you again. >> you too, brian. >> is this a european blame game? is it the fed? is it simply more sellers than buyers? >> well, it's a combination, brian. bob
mention the vix, it's popping up 17. that's the cash contract you're seeing here. important thing is don't pay so much attention to the cash contracts. look further out and see what's going on here. you can see how the circles are occurring here. 21 here just a little further ou. markets are higher, but let me tell you something, kelly, i think the numbers will come down. the probability is if you look out further out, you'll come down on the vix and they won't be going up so much. that's what...
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Apr 14, 2012
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vix closed the day on its high and that's never a good thing. >> that's a great point. the vix usually does go up when the s&p decline, but today it was up more than the decline would indicate. which actually does suggest that people are turning up those -- that's right, friday you would normally expect to be lower. maybe that could take it a little higher on its own. but it was up much more than you would normally expect on a friday. >> so this continuation of the momentum, and what do you make of that, does that signal some sort of a market change? especially you mentioned apple. it's not just that it's down, but versus the s&p 500, its losses are about double that of the s&p 500. >> it seems frothy when you look at panera and yum and starbucks with all-time highs. but as far as tech is concerned, we saw google, looked lie ke decent numbers. apple hasn't had an up day since it pre-announced. everyone positions the whole apple supply chain is the best think ever. it's not. nokia is squeezing the heck out of their suppliers. >> let's focus on some of the financials. we
vix closed the day on its high and that's never a good thing. >> that's a great point. the vix usually does go up when the s&p decline, but today it was up more than the decline would indicate. which actually does suggest that people are turning up those -- that's right, friday you would normally expect to be lower. maybe that could take it a little higher on its own. but it was up much more than you would normally expect on a friday. >> so this continuation of the momentum, and...
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Apr 10, 2012
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and the vix as you might expect is also higher this tuesday lunchtime. having a look at the midday movers, apple, well, for much of the session defying the decline before ultimately backing off during the course of today's session. we actually hit another high. a market cap of $600 billion. for now tim cook's business. dell ticking higher on an upgrade from morgan stanley. super value searches. earnings have full year guidance better than expected. on the downside so far on the session, well, sony is sinking. it slashed its earnings outlook and said it expects to post-its biggest ever loss at $6.4 billion. stock is down over 9%. alcoa is lower ahead of its earnings after the bell tonight. chesapeake energy also down in negative territory. not really much more than the general market despite selling assets in oklahoma to exxon mobil for $590 million. we have breaking news right now. a bond auction with rick santelli. over to you. >> thank you, simon. 32 billion 3-year notes just hit the street. one issued market was trading 42.5 bid offered at 42. the ult
and the vix as you might expect is also higher this tuesday lunchtime. having a look at the midday movers, apple, well, for much of the session defying the decline before ultimately backing off during the course of today's session. we actually hit another high. a market cap of $600 billion. for now tim cook's business. dell ticking higher on an upgrade from morgan stanley. super value searches. earnings have full year guidance better than expected. on the downside so far on the session, well,...
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Apr 28, 2012
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the thing about the vix, it hasn't been this low since the first week in april. as mike said, plenty of problems in europe and potential problems in europe. with protection this cheap, you have to buy protection right now. >> dan nathan out there in new orleans joining us from new orleans this week. dan, put it together for us. correlations in the market are coming down that means the single stock stories are the way to play the markets. at the same time it is cheaper to play by options because volatility has as scott mentioned come in. >> that's a great point. it is cheaper and makes a heck of a lot more sense. if you had a negative bias into amazon's earnings, i owned a put fly into that. that was a far better way to define your risks and kind of identify levels in which you can go if a or b happened. in this instance, a move up 16% is a massive move. you do not want to be caught short. a stock like that in a market like this. everything these guys are saying about correlation and the stuff come undone is a bit of a stock picker's market and you gotta get the d
the thing about the vix, it hasn't been this low since the first week in april. as mike said, plenty of problems in europe and potential problems in europe. with protection this cheap, you have to buy protection right now. >> dan nathan out there in new orleans joining us from new orleans this week. dan, put it together for us. correlations in the market are coming down that means the single stock stories are the way to play the markets. at the same time it is cheaper to play by options...
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Apr 4, 2012
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no spike up in the fear index or in the vix futures, i might add. bill?yeah, it has pulled back there. we'll be highlighting it later. thank you, bob. >> this morning on "squawk box," some of the world's most powerful equity players and head fund managers offered their insights into the state of the global market. among the heavy hitters is david bonderman. here's what he had to say about the state of play in three foreign regions. >> the u.s. is not in trouble it's much less than meets the world. >> asia is long-term winner in this game, in the century, but it's highly volatility and a difficult place to rest. >> and in a day when the markets are seeing the biggest selloffs, it's time to look at market strategist david of morgan stanley smith barney. good to see you both. thank you for joining us. we had a disappointing spanish debt auction. >> 69. >> we have renewed worries. >> you were very disappointed in that, weren't you? >> it was a rough auction for them. as you know, they said that they are in extreme difficulty. it's the fourth largest european
no spike up in the fear index or in the vix futures, i might add. bill?yeah, it has pulled back there. we'll be highlighting it later. thank you, bob. >> this morning on "squawk box," some of the world's most powerful equity players and head fund managers offered their insights into the state of the global market. among the heavy hitters is david bonderman. here's what he had to say about the state of play in three foreign regions. >> the u.s. is not in trouble it's much...
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Apr 16, 2012
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what it's vix telling you? how do you trade it? >> it certainly bounced off that 50-day moving average. that proved pretty tough to pierce back to the down side after we traded back up through it. so right now, i'd say people are clearly protecting. the flow of cash out of google and priceline and apple, those three alone have been big impetus for people to take profits in some of the high fliers. you guys already addressed that. vix is a reflection of people positioning ahead of some of the rest of these earnings. >> you obviously should have bought volatility on thursday when it was at 17. still time to buy now? >> i think there is time to buy. i don't see a panic out there yet not based on any of the earnings we've seen. nothing for a catalyst there. next tuesday with the apple earnings, that's the biggest one on my screen right now. i don't think goldman's as big a read through as apple next tuesday. >> we have an analyst coming up who is bullish on home depot and lowe's. last week i interviewed frank lake and listen to what he
what it's vix telling you? how do you trade it? >> it certainly bounced off that 50-day moving average. that proved pretty tough to pierce back to the down side after we traded back up through it. so right now, i'd say people are clearly protecting. the flow of cash out of google and priceline and apple, those three alone have been big impetus for people to take profits in some of the high fliers. you guys already addressed that. vix is a reflection of people positioning ahead of some of...
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Apr 2, 2012
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this is like the son of the t vix which i've been talking about over the past few weeks.s, the bank, has not created shares in this for more than two years. sort of makes it like a closed end fund. it now trades at around twice its net asset value, which can only mean one thing. look out below. this thing's volatile as heck and you've got to pay attention. why it's there? we don't know. but the smart people, the smart people i know all been talking about this one in the wake of the t vix. >> you know, if it's a son of t vix, it's a t vixen. >> i like that. >> especially if they were swedish. >> another disaster for your, herb. another name i've never encountered before. kerx, stock down look 66%. that is not a misprint. one of its cancer drugs didn't meet a primary point, phase two and phase three depending on what sort of compound of the drug they're doing a deal with. this is the risk we talked about last week. when you have a company that basically has a product, a biotech and it doesn't meet its end point, that is a tough day. >> the smartest guys in the world will te
this is like the son of the t vix which i've been talking about over the past few weeks.s, the bank, has not created shares in this for more than two years. sort of makes it like a closed end fund. it now trades at around twice its net asset value, which can only mean one thing. look out below. this thing's volatile as heck and you've got to pay attention. why it's there? we don't know. but the smart people, the smart people i know all been talking about this one in the wake of the t vix....
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Apr 5, 2012
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. >> a lot of talk, pete, about the vix and 50-day moving average over the last 12 hours. >> the fact that we get towards it and pull right back off of it again. i believe it's somewhere just above the 17, 1735, somewhere in there, but when we look, judge, see the serls almost every day in the final hour or two. we could be trading above 17 on the volatility index. the sellers come in and the s&p 500 selling that premium and when you price it out, believe it or not, at a 17 vix right now, it's pricing in a little bit more than the kind of movement we're seeing right now so actually, believe it or not, it's on the higher end. >> all right. >> and judge, if i could. >> quick. >> i was talking to dominic down in the vix pit right behind me at the cbo, and what they just did is a big roll just happened rolling out, but they rolled out to july. in other words, they are not so much worried about the -- the earnings that are coming our way in just a couple of days and weeks as we get into the earnings season. they are not worried about that. they pushed it all the way out to july which tells
. >> a lot of talk, pete, about the vix and 50-day moving average over the last 12 hours. >> the fact that we get towards it and pull right back off of it again. i believe it's somewhere just above the 17, 1735, somewhere in there, but when we look, judge, see the serls almost every day in the final hour or two. we could be trading above 17 on the volatility index. the sellers come in and the s&p 500 selling that premium and when you price it out, believe it or not, at a 17 vix...
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Apr 10, 2012
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i look at the vix.ook at 10-year note rates. 10-year note rates and the vix haven't been the same since march -- no coincidence. markets are all moving to the same thing. i don't look at what's going on as a big deal necessarily in stocks. what was the catalyst is a big deal. listen. we all know what we did with the bailouts in greece wasn't a solution. it was a stability issue. the issuance going on in spain and indeed many parts of europe, maybe even japan and other developed countries, is going to linger. the horsepower of the global economy is in question. and these markets are going to have to deal with that reality. >> now, i just want to point out here that there are only two dow components in the green. hp and pfizer. so we're really seeing a wall of red in front of us here. i want to get to bertha coombs over at the nymex with the commodity markets here. final oil trades coming in with crude down more than a percent. and gold spiking. what are you seeing, bertha? >> it's very interesting, julie
i look at the vix.ook at 10-year note rates. 10-year note rates and the vix haven't been the same since march -- no coincidence. markets are all moving to the same thing. i don't look at what's going on as a big deal necessarily in stocks. what was the catalyst is a big deal. listen. we all know what we did with the bailouts in greece wasn't a solution. it was a stability issue. the issuance going on in spain and indeed many parts of europe, maybe even japan and other developed countries, is...
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Apr 23, 2012
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and how about the vix? everybody said the vix went over 20. forget all that. just take a look here. 19 up but not much. and here's the important thing. you want to look at the vix futures. that's what matters. that's what the markets looked at. and none of these are jumping up. all of them have been in the mid 20s now for weeks on end. in other words if there was a world moving event today, these numbers would have gone up, a couple of points. nothing has happened. that's the market saying we're not that panicked about this overall. i just want to show you here the earnings trends, because earnings are continuing to improve. remember the panic last week, revenues were only modestly on the upside. but two weeks ago, up 4.7%. now up 6.2%. the earnings picture now up almost 5%. remember two weeks ago earnings were only going to be up 1%. everybody was panicked. today the earnings were up about 5%. we're moving in that direction. so things are slowly getting better. just want to point out dr horton, cancellation rate 22%. orders up 29.3%. these are great numbers, finally awe're getting
and how about the vix? everybody said the vix went over 20. forget all that. just take a look here. 19 up but not much. and here's the important thing. you want to look at the vix futures. that's what matters. that's what the markets looked at. and none of these are jumping up. all of them have been in the mid 20s now for weeks on end. in other words if there was a world moving event today, these numbers would have gone up, a couple of points. nothing has happened. that's the market saying...
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Apr 3, 2012
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the vix now up a third of a point, more than 2% back above 16. the last time it closed above 20, march 6th. >> let's talk about retail for a bit. momentum has been builting in that sector. up 19% compared to the s&p 500. can this momentum in retail continue through the spring? our next guest thinks so. they are going to tell us what is driving this. strays see, it can go either way. you often hear retails say because of a warm winter and that doesn't seem to be a problem for retail. why? >> we're always blaming the weather but in this case it's good year. spring came very early this year. february numbers beat 85% of retail and those numbers are continuing into march. in addition, we have a really early easter this year, which brings traffic into the stores so the early easter is going to help retail also. >> what is your version of why we are so strong in retail so far? >> i think it the consumer wants to shop. there's a number of new trends in terms of colored products. and really the weather gets people going and that's what we're seeing right
the vix now up a third of a point, more than 2% back above 16. the last time it closed above 20, march 6th. >> let's talk about retail for a bit. momentum has been builting in that sector. up 19% compared to the s&p 500. can this momentum in retail continue through the spring? our next guest thinks so. they are going to tell us what is driving this. strays see, it can go either way. you often hear retails say because of a warm winter and that doesn't seem to be a problem for retail....
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Apr 11, 2012
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the vix up more than 20% this week alone.to play this roller coaster and still keep your money safe. and then alcoa kicking off earning season with a bang. we'll see what the aluminum giant means for the industry. apple sued by the department of justice by ebook price fixing. is it a sign of weakness for the tech giant? spanish banks under a lot of pressure again today. we'll find out what it means for markets here at home. all of that is coming up in the next hour. first on markets, want to bring in senior equity strategy with wells fargo advisers. scott, always good to see you. good morning. >> hi, carl. >> interesting reversal here. i wonder if you pin it largely on alcoa's results and if you think that's justified today. >> i think it is largely on the alcoa news. i don't know if it's justified. i think materials earnings will probably be down 2% here in the first quarter. but one company does not an earnings season make. we're probably going to come out of this with maybe 2% earnings growth in the first quarter and reall
the vix up more than 20% this week alone.to play this roller coaster and still keep your money safe. and then alcoa kicking off earning season with a bang. we'll see what the aluminum giant means for the industry. apple sued by the department of justice by ebook price fixing. is it a sign of weakness for the tech giant? spanish banks under a lot of pressure again today. we'll find out what it means for markets here at home. all of that is coming up in the next hour. first on markets, want to...
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Apr 9, 2012
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vix well off session highs today, topping 19 for the first time in over a month.and half at 18 and change. hasn't settled above 18 since march 7. over to you, scott. >> maria, thanks so much. >>> we turn our attention to two widely known names. yahoo! announcing layoffs last week. now sony the next troubling company to cut jobs. john is in california with the details. hey, john. >> hey, scott. you look at sony, they are doing a cut. only about 6% of the work force but to get a scale of sony's issues, $2.2 billion in forecast losses for the coming year. they also forecast selling 20 million tv sets. that's main area for the losses. i should say $2.2 billion in tv set losses alone. that's 110 billion per set they expect to lose in the coming year. then yahoo! they've done their cuts. i ran some numbers last week, talked about it on closing bell. there is 4,000 jobs over the past few years but gained the weight back in a way. only 200 jobs off where they were five years ago. so it is not clear that job cuts actually tend to get them anywhere. what both companies need
vix well off session highs today, topping 19 for the first time in over a month.and half at 18 and change. hasn't settled above 18 since march 7. over to you, scott. >> maria, thanks so much. >>> we turn our attention to two widely known names. yahoo! announcing layoffs last week. now sony the next troubling company to cut jobs. john is in california with the details. hey, john. >> hey, scott. you look at sony, they are doing a cut. only about 6% of the work force but to...
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Apr 13, 2012
04/12
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check out the vix as we can see it. it's at 1937. the vix is moving higher as stocks drop.t the borrowing costs. as well we have the china gdp. it was 8.1%. good number but a little less than people were expecting. the dollar expecting the the gains against major currencies as the debt story continues. yields rising to highs today in spain. u.s. stocks along with the nasdaq off the worst levels of the session. nasdaq down 38 points on pace for the second week in a row of declines for the nasdaq. still talking about double digit gains year to date though, bill. >> yes, so far. >>> bill bernanke gave a speech on the lessons learned from the financial crisis. he said the fed must increase the focus on achieving financial stability. steve liesman is there at the princeton club in new york with a special guest. steve? >> reporter: bill, thank you very much. i'm here with the m.i.t. as the leaders on the financial crisis in part because you are the guy known as the reader of 21 books and you wrote this paper that summarized the findings of 21 books on the financial crisis. share
check out the vix as we can see it. it's at 1937. the vix is moving higher as stocks drop.t the borrowing costs. as well we have the china gdp. it was 8.1%. good number but a little less than people were expecting. the dollar expecting the the gains against major currencies as the debt story continues. yields rising to highs today in spain. u.s. stocks along with the nasdaq off the worst levels of the session. nasdaq down 38 points on pace for the second week in a row of declines for the...
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Apr 22, 2012
04/12
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up until today, saudi arabia is not sending any female competitors to the london all of vix, so at least one saudi woman might be eligible. -- the london olympics. the first female saudi athlete to compete in the u.s. olympics was in singapore in 2010 and claimed a bronze medal. yet, the head of the saudi olympic committee says, "i do not approve of saudi female participation in the olympics at the moment." it could be that there simply are not enough women of a standard. some say there's hardly any sport today for school-aged girls. >> back in the 1980's in my time when i was a kid, we used to play volleyball, basketball, badminton, whatever -- so many types of sports. more than i can count. gymnastics, a robust, everything you can think about. the is in saudi arabia were more progressive 4 female's back then in many respects -- things in saudi arabia or more progressive for females. >> divorce laws make it almost impossible for women to apply. after a divorce, the father gets custody of children over the age of six. i found women who were widowed or had been abandoned by their husbands
up until today, saudi arabia is not sending any female competitors to the london all of vix, so at least one saudi woman might be eligible. -- the london olympics. the first female saudi athlete to compete in the u.s. olympics was in singapore in 2010 and claimed a bronze medal. yet, the head of the saudi olympic committee says, "i do not approve of saudi female participation in the olympics at the moment." it could be that there simply are not enough women of a standard. some say...
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Apr 18, 2012
04/12
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volatility for most investors is looking at vix.telling you -- what's the short-term sentiment? it's come down a little bit seeing vix trading at under 18. what it'sal telling you is there's a little more complacency. i think we talked about tech. i think you'll see more of a pullback in tech. i think you'll start to see numbers overall just start to sell off a little bit. i think there's enough discussion right now in terms of china possibly even having a hard landing, a lot more news as we just talked about in terms of europe, so i think you want to be cautious. i'm a little bit opportunistic. overall, i think you want to be well prepared for a little bit more of a pullback which would be good for the markets overall. >> you bring up a very good point by saying the vix has moved back to the 20 level, dloes 18. we can't fight it. we're moving closer to may. what does that mean for investors? should they leave in may and not come back at all this year because really this is what they should have been doing last year. >> you know, th
volatility for most investors is looking at vix.telling you -- what's the short-term sentiment? it's come down a little bit seeing vix trading at under 18. what it'sal telling you is there's a little more complacency. i think we talked about tech. i think you'll see more of a pullback in tech. i think you'll start to see numbers overall just start to sell off a little bit. i think there's enough discussion right now in terms of china possibly even having a hard landing, a lot more news as we...
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Apr 23, 2012
04/12
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nasdaq indem for the first time in a year is trading above the vix. of technology can be expected. now apple of course, sharp, correction, adding to that implied volatility. other losers for today include high beta momentum names when risk is taken off the table, these stocks sell off first. take a look at first solar, also getting hit by a downgrade. guys, first solar shares trade at 4.9 times sharp discount to average for renewable energy players. >> thank so much. >>> time for a quick market stat check. check out the volatility index which hit a high above 20 this morning. the vix is off the levels just above 19. hasn't settled above 20 since back on april 11. among the worst performers, checkpoint for solar. baidu reports earnings tomorrow and netflix posting earnings after the bell. netflix has the results after today's close and we will be all over that for the instant reaction once they are released. nasdaq composite dipping back below 3,000 again, on course for the worst drop in over a week. right now the nasdaq is down by just about 1%. now l
nasdaq indem for the first time in a year is trading above the vix. of technology can be expected. now apple of course, sharp, correction, adding to that implied volatility. other losers for today include high beta momentum names when risk is taken off the table, these stocks sell off first. take a look at first solar, also getting hit by a downgrade. guys, first solar shares trade at 4.9 times sharp discount to average for renewable energy players. >> thank so much. >>> time for...
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Apr 9, 2012
04/12
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and the fear factor, the vix, also spiking there as you can see. midday movers so far this monday we have to start of course inevitably with a few losers. avon is falling despite the fact it's got a new ceo from johnson & johnson. problems with a deb fib later. but they're seeking a retraction on that story. regions financial down 3.6% along with some of the other financials. that sector getting hit along with materials as we mentioned. although it's not gloom so far today, let's highlight a few of the winners. check out aol. you lucky devils if you're in that. the company's selling a billion dollars in patents to microsoft came from left field. jon fortt with more on that in a moment. apple and priceline here importantly both hitting 52-week highs. apple despite a downgrade from btig. let's link in with the trading floors. bob pisani at the nyse. courtney reagan tracking oils dive at the nymex. bob, let's kick off with you. >> thank you, simon, good to see you as always. 5-to-1 declining advancing stocks. that hasn't changed, but what has changed
and the fear factor, the vix, also spiking there as you can see. midday movers so far this monday we have to start of course inevitably with a few losers. avon is falling despite the fact it's got a new ceo from johnson & johnson. problems with a deb fib later. but they're seeking a retraction on that story. regions financial down 3.6% along with some of the other financials. that sector getting hit along with materials as we mentioned. although it's not gloom so far today, let's highlight...
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Apr 29, 2012
04/12
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to me with what scott just said, vix at 16. there will be sing ohl name opportunities to define the risk and play things from a directional standpoint. >> for you wanted to press a bet in boeing, a name that came out with good result this is week and the stock was up, implied volatility. the cost is exceptionally cheap. it will cost less than 2% to find at the money call on these things that last a week. if you wanted to press a directional bet, that's great. if you want to hedge the portfolio and the cost is declining. that can make a lot of sense. you have a bunch of things that work for you if you make the bets. >> even names where the options were expensive. like apple before earnings. apple options were saying there would be a $38 move and it wasn't enough. not nearly enough because it ended up being about $50. >> let's talk about one of the single stocks that had a big move. an impact in the market and results of expedia giving a huge boost to priceline. shares of priceline up 4%. is this rally going to hold, especially w
to me with what scott just said, vix at 16. there will be sing ohl name opportunities to define the risk and play things from a directional standpoint. >> for you wanted to press a bet in boeing, a name that came out with good result this is week and the stock was up, implied volatility. the cost is exceptionally cheap. it will cost less than 2% to find at the money call on these things that last a week. if you wanted to press a directional bet, that's great. if you want to hedge the...
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Apr 10, 2012
04/12
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today, the field shrank with the sudden exit of vix santorum. the former senator had become the most viable opponent to governor mitt romney, who is now all but certain to become the republican nominee. it is over. rick santorum went further in the race than anyone would have predicted, but now, he has called it quits. that we made a decision to get into the race at our kitchen table against all the odds, and we made a decision over the weekend that while this presidential race for us is over, for me, and we will suspend our campaign effective today, we are not done fighting. >> restore america's greatness. >> santorum excited conservatives in a way his rivals never could -- overtly religious, self-may, an authentic, his passionate debate performance has made him the surprise front runner. in iowa, he had the battle -- we had to battle crowds and prospects even to get closer him. we have seen a stream of republicans rise quickly to the top and fadeaway again. are you more than the flavor of the week? >> this is not my first rodeo. i have been th
today, the field shrank with the sudden exit of vix santorum. the former senator had become the most viable opponent to governor mitt romney, who is now all but certain to become the republican nominee. it is over. rick santorum went further in the race than anyone would have predicted, but now, he has called it quits. that we made a decision to get into the race at our kitchen table against all the odds, and we made a decision over the weekend that while this presidential race for us is over,...
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risk tricks they calculate risk for all these large investment firms to leverage up they look at the vix going down they see the fed essentially shorting volatility and then they can leverage themselves and what we see is a risk ramping effect and it's more pronounced with the l.s.a. p. programs as opposed to operation twist but it still had a substantial effect so to be clear what a fair way to characterize this be something that we've talked about on the show before that bernanke is a math thing with this space time continuum. yes the space time continuum of prices and price interest rates are really prices too and they're the way of coordinating between savers and producers over time so yes he's messing with the space time continuum on that note you know i want our viewers to all think of and probably many do the interest rates are the price of money and the fed has kept them close to zero since two thousand and claim that they are likely to until two thousand and fourteen what is manipulation of rates by the fed do to the economy in the long run and specifically what does it do to pr
risk tricks they calculate risk for all these large investment firms to leverage up they look at the vix going down they see the fed essentially shorting volatility and then they can leverage themselves and what we see is a risk ramping effect and it's more pronounced with the l.s.a. p. programs as opposed to operation twist but it still had a substantial effect so to be clear what a fair way to characterize this be something that we've talked about on the show before that bernanke is a math...
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Apr 17, 2012
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the new york oil market is stronger these days than brent market that's good for gasoline markets the vixndicator goes lower and we are below that $20 level at 18.21. the sectors, everybody was positive today but the strongest of those was the technology. we have a lot of earnings to get to coming up. the energy, industrials, materials, and the fng ainancia are the strongest. isn't it interesting that the survey you did of those global fund managers raise being cash and profits and we get a rally like we did today? >> we're seeing this positioning get a little more cautious but one interesting part of the survey was that, especially asian fund managers, they were actually very constructive about chinese growth. >> even as their gdp was coming down? >> that's right. they are actually looking for chinese growth to be better 12 months from now than it is today. >> really? >> and that was an interesting part of the survey. i think they might be seeing something on the ground that some of us sitting here in new york may not see. and that's that the chinese story isn't that weak. >> are you inc
the new york oil market is stronger these days than brent market that's good for gasoline markets the vixndicator goes lower and we are below that $20 level at 18.21. the sectors, everybody was positive today but the strongest of those was the technology. we have a lot of earnings to get to coming up. the energy, industrials, materials, and the fng ainancia are the strongest. isn't it interesting that the survey you did of those global fund managers raise being cash and profits and we get a...
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Apr 20, 2012
04/12
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the vix finishing out lower than on sunday. now at 17.55. the nasdaq is lower by 6 points. 3,001.g to the 3,000 level. and up and down week for apple. what a roller coaster. ahead of the second quarter earnings out oh on tuesday, apple putting a nine-point drag. at 572, down 15 bucks, trading near session lows. apple has not closed on the 570 range since march 13th. bob? >> michelle, let's stick be with equities. clearly positioning the dow for modest gains, nasdaq under pressure as you saw in the final minutes. should investors compare volatility? earnings coming out from tech giants like apple and fomc meeting. market analyst gordon, an old friend here. it's been choppier recently. you've got to admit, the intraday price swing is higher. the volatility has been higher for the last two weeks. is this all related to apple or to something else? >> traders like volatility. we know that. >> yeah. look, it could be related to apple. it could be related to all of the earnings that we've seen but people are focused on the macro. the french election, something you wouldn't think traders
the vix finishing out lower than on sunday. now at 17.55. the nasdaq is lower by 6 points. 3,001.g to the 3,000 level. and up and down week for apple. what a roller coaster. ahead of the second quarter earnings out oh on tuesday, apple putting a nine-point drag. at 572, down 15 bucks, trading near session lows. apple has not closed on the 570 range since march 13th. bob? >> michelle, let's stick be with equities. clearly positioning the dow for modest gains, nasdaq under pressure as you...
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Apr 11, 2012
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and they also brought the yellow flag off the vix, the volatility index right at 20.o point out how it was below 20 but we're back right at 20 at this point. the sectors, s&p sectors, the biggest gains were in the risk on sectors, the financials as we pointed out. the big banks start reporting on friday so we get ready for that. 1.5% gain there. the consumer kregsary, materials all seeing pretty big gains today. technology, consumer staples, health care. utilities i thought would have done better but i was wrong about that. meg mcclellan from jpmorgan bank w. these tepid auctions, if you've got the worst week for stocks and a tepid demand for treasury notes out there, where is the money going? are you looking at cash being king again? >> i think the markets are trading on very light volume. >> vacation time, spring break? >> exactly. 2% in tens is kind of a question mark. are we going to go lower or higher? 1370 on the s&p. again, we're seeing a lot of trading and i don't think you're seeing a lot of cash and clients and to gain income? >> we look globally we're conti
and they also brought the yellow flag off the vix, the volatility index right at 20.o point out how it was below 20 but we're back right at 20 at this point. the sectors, s&p sectors, the biggest gains were in the risk on sectors, the financials as we pointed out. the big banks start reporting on friday so we get ready for that. 1.5% gain there. the consumer kregsary, materials all seeing pretty big gains today. technology, consumer staples, health care. utilities i thought would have done...
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Apr 26, 2012
04/12
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vix is at 16, lowest level since april.consecutive day, the nasdaq is near the session highs, up .75%. maria, back to you. >> gary, thank you, coming to you live from the alliance bernstein flood as part of our trading floor week. down more than 2%, apply generals bernstein katherine wood thinks that's no reason for investors to be concerned or on the sidelines. katherine joins me now along with pat whalen, global head of trading and we welcome you both to the program. >> thank you. >> katherine, let's start on amazon. a company reporting earnings after the bell. you said expectation is 30%? >> 30% sales growth. they've been growing regularly 30% or above for the last few years. the problem has been margins because they are investing so much to grow at that rate. >> they have been making a lot of acquisitions. >> they have been making some acquisitions, yes. they are more tuck-in acquisitions. their latest is increasing productivity and if you want to see what it looks like on the internet. >> it's a crazy times earnings. 7
vix is at 16, lowest level since april.consecutive day, the nasdaq is near the session highs, up .75%. maria, back to you. >> gary, thank you, coming to you live from the alliance bernstein flood as part of our trading floor week. down more than 2%, apply generals bernstein katherine wood thinks that's no reason for investors to be concerned or on the sidelines. katherine joins me now along with pat whalen, global head of trading and we welcome you both to the program. >> thank you....
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Apr 19, 2012
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the vix is now reapproaching 19. 18.97. it's just hit 19.t settled above 20 since april 11th. mcdonalds, bank of america, alcoa, dupont, caterpillar all losing ground. >>> after the world's largest copper miner so you profits drop in the first quarter in the past year the stock has tumbled more than 26%. you can blame a lot of that on that three month strike at the operations, the copper and gold mines in indonesia. the operations are back on line another issue facing the company, that demand in china will zap the demand. in an exclusive interview, we're pleased to talk with the man in charge, richard atkinson. good to see you. welcome back. >> bill, it's good to be with you. >> you took quite a hit, didn't you? >> well, the grassberg strike and reinnovation had an impact but we also had lower copper prices when prices were nearing record highs. and we were also reminding some lower grade material part of our normal operation. >> so it was kind of a perfect storm. prices went down but your cost of mining went up as a result of the strike the
the vix is now reapproaching 19. 18.97. it's just hit 19.t settled above 20 since april 11th. mcdonalds, bank of america, alcoa, dupont, caterpillar all losing ground. >>> after the world's largest copper miner so you profits drop in the first quarter in the past year the stock has tumbled more than 26%. you can blame a lot of that on that three month strike at the operations, the copper and gold mines in indonesia. the operations are back on line another issue facing the company, that...
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Apr 11, 2012
04/12
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the vix up 22%. hitting 20 for the 12th time this year, so even though stocks rose, the market's not out of the woods just yet. >> maybe so. thanks very much. let's turn to our distinguished investors. joining me, art hogan, managing director at lazard and brian kelly, cofounder of shelter harbor capital and rebecca patterson, j.p. mopmorgan asset management institutional chief marketing strategist and director. now, you have a lot of wonderful -- kate, shallow correction. is it over yet? >> i don't think it's quite over yet. europe is probably more troubled than everyone recognizes. two things that happened after the last couple of months. the rto links the banks and sovereigns. >> sovereign debt again, so now as spreads go wider, under pressure together. the second thing is you talked about leniency they had, essentially lets spain create credit at will, so that's fine. but if there is a limit to it on the amount, so eventually, that ends, then that's a -- >> i want to go to a slightly different pl
the vix up 22%. hitting 20 for the 12th time this year, so even though stocks rose, the market's not out of the woods just yet. >> maybe so. thanks very much. let's turn to our distinguished investors. joining me, art hogan, managing director at lazard and brian kelly, cofounder of shelter harbor capital and rebecca patterson, j.p. mopmorgan asset management institutional chief marketing strategist and director. now, you have a lot of wonderful -- kate, shallow correction. is it over yet?...
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Apr 30, 2012
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and an important measure of fear, the almighty vix is steadily rising making some investors believe that nervousness is back in the market. most of this around the renewed concerns in europe and whether we'll get further stimulus from the fed. now one bright spot for the month of april as we have been speaking about on cnbc is corporate earnings. about 60% of the s&p 500 companies have report result and 63% of those topped estimates. some of the winners of course include blockbuster earnings from google, apple, amazon, and expedia. sending it back over to you, maria. >> all right, good stuff, seema. thank you so much. seema mody with the latest there. so sell in may and good away, should investors follow this strategy. after the s&p 45u7b finished for the month of april, pat dunkerly says unless we get more much economic reports that are negative, we will not be selling in may. in fact, he says he sees a lot happening. he sees opportunities and names such as auto zone, new skin and herbalife. now scout of mid cap fund overseeing 1 million in management. also jeff rosenberg, good to see y
and an important measure of fear, the almighty vix is steadily rising making some investors believe that nervousness is back in the market. most of this around the renewed concerns in europe and whether we'll get further stimulus from the fed. now one bright spot for the month of april as we have been speaking about on cnbc is corporate earnings. about 60% of the s&p 500 companies have report result and 63% of those topped estimates. some of the winners of course include blockbuster...
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Apr 12, 2012
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and the vix, you just reverse it.r indicator has been above it for the first time this year and now we're watching to see if it retests at the move there and moves higher. we'll wait and see. as for the sector. very much the risk on trade at this point. tuesday, the worst day of the year, now the best two-day gain since then. which market move do we believe at this point, joe? >> i think we're going to grind higher because the global chee is turning up there is still under lying growth. markets in general, still looking for 3.5% growth. >> are we trading right now on our fundamentals or somebody else's fundamentals? today's economic data not that great. >> i think it's on the u.s. because earnings season got off to a good start. corporations are going to be in single earnings digit. guidance coming from overseas. it's u.s.-led but it's going to come from latin america and developing asia as well. europe is a problem, no doubt. tomorrow if we're down, don't be surprised. >> some of that could be a result of whatever ea
and the vix, you just reverse it.r indicator has been above it for the first time this year and now we're watching to see if it retests at the move there and moves higher. we'll wait and see. as for the sector. very much the risk on trade at this point. tuesday, the worst day of the year, now the best two-day gain since then. which market move do we believe at this point, joe? >> i think we're going to grind higher because the global chee is turning up there is still under lying growth....
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Apr 28, 2012
04/12
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one of the vix six people that went to the hospital, three were flown in a medical helicopter. >>> in the search for sierra lamar this morning, an announcement near morgan hill. sierra lamar's father is expected to announce they will up the reward money for her safe return. the reward is set at $10,000. the 15-year-old was last seen march 16th as she was leaving for school. investigators are treating this as an abduction and the community is rallying as if they all knew her personally. >> it feels like it's everyone's child that's gone missing. and you see the posters of her, then you are reminded of it. right where i walk my dog every day there's a poster on every tree all the way along the side of the creek, so, yeah, everyone is looking out and hoping, hoping for the best outcome. >> reporter: do you think increasing the reward money could help? >> i think so. somebody must know something. i mean, she can't just disappear off the face of theette without someone knowing something. >> anyone who wants to volunteer for today's search can go to burnett elementary school in morgan hill
one of the vix six people that went to the hospital, three were flown in a medical helicopter. >>> in the search for sierra lamar this morning, an announcement near morgan hill. sierra lamar's father is expected to announce they will up the reward money for her safe return. the reward is set at $10,000. the 15-year-old was last seen march 16th as she was leaving for school. investigators are treating this as an abduction and the community is rallying as if they all knew her personally....
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Apr 17, 2012
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take a look at the equity markets right now when you're looking at the s&ps, the vix. it's pushing to that average again, stuck to the 100-day above, 50-day below. >> let's move on to financials. goldman sachs went from evil traders -- no, goldman sachs investors are not too impressed with the earnings report. reiterating his neutral rating on the shares, you kind of agree with the market reaction today, doug? >> yeah, i do. i think the stocks had a nice run, a good quarter. probably not good enough to keep the run going. there's probably a touch of disappointment. >> what's the problem? >> i think the issue for the quarter -- not the issue, but i think the touch of disappointment was trading down 20% year after year, comp for morgan and citigroup didn't look as good and that is the big driver for goldman sachs, so we'll have to see what that looks like going forward. normally that's the strongest quarter of the year, so there's a little disappointment, but it was a solid quarter. >> if you're neutral on goldman sachs, what do you like? >> i actually prefer morgan stan
take a look at the equity markets right now when you're looking at the s&ps, the vix. it's pushing to that average again, stuck to the 100-day above, 50-day below. >> let's move on to financials. goldman sachs went from evil traders -- no, goldman sachs investors are not too impressed with the earnings report. reiterating his neutral rating on the shares, you kind of agree with the market reaction today, doug? >> yeah, i do. i think the stocks had a nice run, a good quarter....
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Apr 10, 2012
04/12
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CNBC
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first is vix. >> you're getting that hundred-day moving average now that you're above the 50-day. >>ou have some breaking news. what do you have? >> scott, thank you so much. we finally got some details on the time frame of the much expected facebook ipo. it looks like the launch date for the roadshow will either be may 7 or may 14, and that means the trading could occur as early as may 16 or 17. so put those in your calendar on red. plan a is to launch the deal, ie, start trading it on may 16 or 17. plan b would be to go on the 24th, which is a thursday. price that night and start trading the following day. the reason for this is manyfold. first of all, the company is committed to going before memorial day, which is the 28th. you don't want to have a deal on a holiday week because the market is thinner than usual with people on vacation. they need to go no later than may 15 and hit the road and make presentations to investors. i hear the philosophy is less is more. instead of the full two weeks, they may go 10 or 11 days. they haven't entirely ruled outgoing overseas, but the good n
first is vix. >> you're getting that hundred-day moving average now that you're above the 50-day. >>ou have some breaking news. what do you have? >> scott, thank you so much. we finally got some details on the time frame of the much expected facebook ipo. it looks like the launch date for the roadshow will either be may 7 or may 14, and that means the trading could occur as early as may 16 or 17. so put those in your calendar on red. plan a is to launch the deal, ie, start...
115
115
Apr 11, 2012
04/12
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CNBC
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eye 115
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look at the vix. the past eight sessions it's been higher by about 25%. not quite to 20. people still see that as a key level to watch. that does it for us here on "squawk on the street." right now we'll go back home and check in with "fast money" halftime report. >> all right, carl. four hours to go now until the close. we are waiting on comments today from u.s. attorney general eric holder. he's expected to announce that the justice department is suing apple over ebook pricing when he steps up to that podium that you see there. we'll take his comments live and talk about what it means for apple. here's where we stand on a much better day on wall street today than we saw yesterday. better close in europe. alcoa is better than expected earnings report is helping sentiment. this is where we stand on the street right now. dow industrials were good for a triple digit gain. we peeled that off. we're good for 80. nasdaq higher by 1%. s&p 500 following suit today as well. take a look at how gold and oil are shaping up today going in different directions. gold modest loser. crud
look at the vix. the past eight sessions it's been higher by about 25%. not quite to 20. people still see that as a key level to watch. that does it for us here on "squawk on the street." right now we'll go back home and check in with "fast money" halftime report. >> all right, carl. four hours to go now until the close. we are waiting on comments today from u.s. attorney general eric holder. he's expected to announce that the justice department is suing apple over...