Before the Bell 12/31/08

[0:00] ..." Before the bell when Dave Caruso and -- looks like we're closing out the year with a little bit of good news on jobs."...

[1:13] ..." actually going to start buying these mortgage securities by Fannie Mae and Freddie Mac and Ginnie -- it's going to start in January so. Another one of those -- for the Fed's open that'll help but"...

[1:47] ..." started this company 24 years to go to college dorms so. With Hewlett-Packard coming out of all the rest of the fact that the stock down 58% this year he had to do something. Also"...

[2:19] ..." know that the good news is going to be great for the next generation the bad news is at stake right now because if you look at that now in the yet compete. This'll be the"...

[0:00]" Before the bell when Dave Caruso and -- looks like we're closing out the year with a little bit of good news on jobs."

[0:06]" We do it better united it was nice just -- idea 18484. Point at a rigged up on the Dow as a result of GM obviously being probably go to the banking business but that that it was a little ironic with all the met in the financials this year were bringing in an auto company -- I think into the -- so I hope that's. And that that are but it sounds anyway but -- there has been a big worry about jobs this year and we've got the weekly job numbers a little bit early because of politics. And they actually show that the new jobless claims for the week were actually lower. And lowered to the tune of 94000 that's actually pretty big number and it's going in the right direction this week's so. It does bring it back under that 500000. Average level which is nice so it's a little bit of comfort food Newsweek. Go into the entities that candidate and of course really does strike in the fact that there still are. For the half million people unemployed in in its 26 year high and that's kind of what it was from what I got started in the business years ago but if you look at to what after what's happened -- 2008. Pick anything that you get to -- separatist and I don't think about a that the Senate actually admitted that the announcement which I think might help the market so low that they're actually going to start buying these mortgage securities by Fannie Mae and Freddie Mac and Ginnie -- it's going to start in January so. Another one of those -- for the Fed's open that'll help but if you look at the markets right now are missing or we get it up one point seven on the -- Delta thirty and ethics at three point two -- a buck and a quarter. A little -- 38 miracle that six dollars a State's 63."

[1:37]" Oh look what about Italian other shuffling the deck again -- two top executives throughout the door Michael Dell's try to turn this thing around and -- try to cut costs and increased demand for the company and you know he started this company 24 years to go to college dorms so. With Hewlett-Packard coming out of all the rest of the fact that the stock down 58% this year he had to do something. Also AIG that the company was built up by the government looks like they're going to get a little bit more relief that the government wants to relaxed. Some of those rules about how bidders are going to bid for the 600 billion dollars of their disposable portfolio might call it which again that mimic the building a little more competitive sort of maybe get a little bit more money."

[2:18]" Yeah you know that the good news is going to be great for the next generation the bad news is at stake right now because if you look at that now in the yet compete. This'll be the single worst years since 1931. Down 35 and 39% respectively the kind of stable we are -- what it means that you probably lost a third of your money in stocks just in one year. But if you look at the Dow Chemical back in 1932 effect July 7 of 1932 was below one the Dow and the with a 1040. Good day it's 8623. That's 215. Times your money. In 76 years so we look 76 years out to the year 2084. With that same sort of ratio. The dollar will be at one point 853. Million -- cooked yet though."