Theres volatility and a lot of talk about volatility right now, but if were being honest, the 200 Day Moving Average is 16 on the vix right now. Theres volatility. Maybe pick up a few names here or there, but were going higher from here. Zroo does it feel, though, steve, as though were at an inflexion point . I dont think were melting up. For all the volatility weve had this week, were going to finish slightly down a week if we close right now where we are. We keep going back and forth. One day were up ten handles on the s p. Next day were down. Whats the market looking for . Whats the key right now . You know is it the dollar . Is it oil . The key is to get through the uncertainty. Oil is look, the back drop is were still driven quite a bit by the qants and passive investing. Thats the reason why we keep going back and forth like we do, in my view. Its reversion to the mean. Theres a big part of their model. Theres so much money that has flown into that, you cant understate it. Oernt
Next year. This is a big, big call. Its a huge call, and i cant disagree with it when kevin plank came out and basically said, listen, the opportunity is too greedy. There youve got kevin plank, who is such a competitor. Just say, listen, the opportunity is too great. You have to stand when i was growing up, at one point we all fancy we could be great at tennis. Stan smith, what are the Gross Margins there . Comes back out of nowhere. The fighting words of kevin plank, he is your Worst Nightmare opponent because he was willing to hurt his own stock. This is a key downgrade, and its a right one. You know, im glad you bring up kevin plank who on this program last week said the following about the overall business right now. Plays into this story. Listen. I tell you, in our business alone where you have seen the consolidation where the previous five years before 2016 we had a total of 1 70 million of Sales Revenue disappeared from the Sporting Goods channel. In the last 12 months alone, w
European markets following through to a certain extent largely in the green. Spain is the outlier there. Election. A little more election. 2. 18 for the tenyear yield. I hear that r word, but everybody says well hit below 2 again. If youre in other parts of the country youre talking r. Were talking recession. But we could be talking road map. Ours starts with star wars. And a rare look inside apples operations, and what ceo tim cook is calling political crap. And mark Martin Shkreli spe out after his arrest. The latest after that ongoing drama. Quite a sigh there. People may have been seeing on friday. Stocks set to open higher. Both the dow and the s p finished the last week below the 50 and 200day moving averages. Oil is a major factor. Brent crude has fallen to an 11year low. You know, when it comes to oil, jim, very simply it is a collapse in a central part of the world economy. Thats the way you have to think about it. I think we have to recognize there was a belief that oil would