Listen: AK Steel, Coca Cola And Fedex discussed on Investor's Edge
"Right. So I was just looking at a few things the financials back at new yearly lows regional banks. Same. I I might as well. Even just. Industrials right there metals and mining right? They're materials, right? Materials not as bad, but still look like Kakuma. What else? Let's look at the housing housing has rallied into the fifty day in a cell and often it was already down pretty big think housing's down like twenty five thirty percent from the highs. The things that have been held up as the healthcare XL V and a bunch of those things back below the fifty day. But definitely a port in a storm, especially the drug stocks up Merck. Johnson and Johnson the FIS of these things are holding up like rocks. But member we told you about them. That's the parking of money coming out of risk same for like Coca Cola and stuff like that. And then what I knew new lows yesterday were like twelve hundred and then we reversed so was better today only five hundred, but it's still not good because we finish near the lows, and I can tell you one down day we'll be to twelve to fifteen hundred on the new low easily. And as I go through the new high list. You ready? Utility utility real estate utility utility. Real estate. Utility utility utility utility utility real estate real estate. Utility water utility utility. Ooh, that's Hawaiian electric whenever I think of Hawaii. I go crazy. Utility utility real estate utility utility real estate. That's your new highlights. I'm look at the if there's anything out of that. That's not just anything. I can't find one stock. Not elect. And as I look at the new low list. A who's who was stuff? G E BankAmerica CitiGroup Morgan Stanley snap on snap Inc. That's that's Snapchat. Doubt the five and change those morons. They lied when they came public big lots, by the way was down nine bucks today to thirty one on earnings Lloyds banking, the European banks Yok general mills one of the consumer Staples. That's not working steel, stocks AK steel, Barclays European Bank US steel, another steel company. Oh, yeah. How did those tariffs on steel go for the steel stocks Credit Suisse Deutsche Bank? I N G and acts of both insurance companies. Huntsman chemicals, steel dynamics steal each trade trade. Lie Adele, basil chemicals, Goldman Sachs. Yikes. Michael Kors UBS. That's more Europe. Fedex. New yearly lows FedEx. Yeah. The economy strong Tiffany's. Yeah. The economy strong AllState. Yet adviser Bush because people are drinking less and less bear. And smoking more and more weed. You don't believe me? Try walking the streets of Aspen. Again. I wish I had better news. In typical fashion when we get into bear markets. We get bypass because we know how to handle them. And as we always tell you we have no clue how long it lasts or how far it goes. But the big picture is the bear is reasserting itself. The bearish is reasserting itself. And there's really not a lot of bias to it. Fewer and fewer names are holding up. More and more names of breaking down. And again, I must tell you a break of the recent three times they hit the lows, we will have another leg down. The only decent news. I can give you. Is the yachts bags at the central Bank. Order yapping about upping the rates, and there's no doubt my mind. The next thing they'll probably do after December's lower rates because they are targeting markets. But I said possible good news because you know, what I've always wondered are we ever going to get to the point with a market sticks. The middle finger out at these extended professors that all they know every answer to every problem is more easy money that does nothing more than kick. The can down the road and enable more at more deficits and more leverage that eventually no matter what are going to come to. A fork in the road. They tried yesterday and today with several pronouncements and markets still stuck it's tongue out. At them. We are in. Well, I'd rather the fed be abolished. How's that they shouldn't even be around? They shouldn't even have a job. They should go back to their little schools. Teach people easy money. I've been asked. This Muller thing is this causing anything trade thing is it causing anything. It doesn't help. But you don't go to bear markets because news like that you go to bear markets because the markets. A peak in earnings and economies."