about Peter Schiff show. Well, New York was spared the blizzard that all the weathermen

were sure was coming. I was here in these reports here in Connecticut. It was going to

be the worst storm ever, three foot of snow. And you know, it was basically a light dusting

in New York City. We did get maybe I don't know, six, eight inches here in Connecticut.

Nothing really impressive. But New York really was spared the storm with the exception

of Wall Street, right? Wall Street got buried in three feet, not of snow, right? But

of bad earnings and bad economic news that had to Dow at one point down almost 400 points.

We're down about 390 early in the morning. We did rally back. We closed down 290s. So

about a hundred points off the intercession lows. Now I was joking on television earlier

today that these these weathermen are making economists and central bankers look good because

his bad is therefore cassar. The economists and the central bankers are even worse. Let's

start with the economic numbers of the day. In fact, there were a lot of economic numbers

that came out today. But let's just focus on one in particular, which I think was the most

significant. And that was December durable goods. Right? This was some of the bad news that

came out today, although the earnings and I'll get to that next. That was even more instrumental

in the weakness out of the out of the starting gate. But durable goods were expected to come in

at a plus point seven. And if you strip out transportation, they were expected to be plus

point eight. All right? Now pretty much all the economists were expecting a gain. The only

question was how much? Some people had the gain as high as 2.9%. There were a couple of guys.

Just a couple that thought it would go down. Right? So we had a somebody would think it may be

down 1.3%. The actual number down 3.4%. Huge drop totally unexpected. I don't know why. You know,

why is all the bad news unexpected? You know, already we've had more unexpected bad news so far

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