Okay. So todays talk is on world war ii and why the sheryl man is as it was. Thats actually not a very good title but the best i could come up with when i was asked by rob, hey, will you give us a talk. I will do the obligatory shoutout, they are the people that asked me to come out here. We are a commercial enterprise. If you are interested in tanks, it is not a realistic simulation. On that, i would like to thank the nine mast for inviting me out here. Ive seen some of the other speakers that have spoken here. My god, there are high end personnel. I do not have any letters after my name, i do not teach at the university. I work for an unrealistic video game. Id like to thank them for taking this gamble and bringing this guy out who has no history what stover give you guys a talk. However, despite the disreputable background, as far as the academics are concerned, i promise you everything here is either sourced from the archives or as accurate as i make it. Im hoping this thing will c
Im hoping this thing will come across. If cspan cant hear me, im sure they will make mention. The background. Initially i was asked to come and hear my midst of american armor talk. If you want to hear it go find it. I took some common conceptions. I said, look, these are the common conceptions and they are wrong. Because i had already given the talk, well modify it a little bit. Instead of how good is the tank. Thats the theory behind this. I dont know your knowledge level. Some of the speakers ive heard you here on the podcast are very high end. Every now and then its good to just go back to some of the low levels and make sure fundamentals are still good. Audience participation question number one. The rifle is the m1. What was better as a rifle . Pretty much nothing. You can make an argument but that wasnt as common. What was the better fighter than the mustang. A better carrier than the essex . We had the best. No other country had it. Some people say it won the war. Some say the
Than f. A. N. G. My acronym for facebook, amazon, netflix and google. When they try to lead, nothing else follows. Thats why we could rally as hard as we did with the dow roaring 190 points. The s p 1. 24 and the nasdaq jumping 0. 98 . Sure, it might be a one day wonder. No it could be. But wonder of wonders it did happen. I often talk about the setup of a given day. Typically when im squawk on the street i like setup or i dont like the setup which is the case for ages until today. When i said, holy cow this setup could be a good one. Too many people got negative. The markets oversold. And like i said last night, it would take tremendous discipline to buy something. Remember the what i gave you, which is a sign that were arriving from the short term bottom. I want to give you a blow by blow of what defines the setup for me. And why todays so positive versus the unrelenting negativity we have gotten used to lately and the whole setup will strike you as being counterintuitive. It all sta
100,000 new fulltime, fullbenefit jobs in the next 18 months all over the country. While the averages were down with the dow sinking 63 points, s p 0. 21 , nasdaq backsliding 0. 29 . Its been ages since weve seen that down. Amazon stock screamed higher, closing up 14 points to 813. Thats just like how stocks used to react on news of hiring, on expansion, before the recent age of stagnation, derision, and gridlock. Let me explain. Ever since growth slowed, i mean really slowed and the u. S. Became episodic in its ability to expand the economy, we desired a particular set of traits, a set of rewards so to speak from our stocks before we bought them. First we would look and wed want a good dividend, one that gave us a nice return versus the competition, namely treasury bonds. Second, we wanted a large and meaningful Share Buyback to shrink the share cap, and thus artificially or not increase the earnings per share. We cared more about this than actual Revenue Growth because what Revenue G
Of billions of dollars from Health Care Stocks to techs and industrials and then bolted from the market altogether when news came out that the fbi is probing some newly found Hillary Clinton emails. Then after further review, the money flowed right back, but only dau closing down just eight points. Nasdaq dipping 0. 50 . What the heck is going on here . I dont know what will happen with fbi director james comeys reviewing of new emails related to Hillary Clintons personal server. But i do know this. I do know that this market seems to want some certainty or it wouldnt have plunged so hard midday when the news came out. Beyond that im leaving the politics to the pundits. Heres what i do know. The overall performance of the average today obscured one of the most vicious rotations i have ever seen in my career. Health care stocks, which had been under pressure throughout the Campaign Season bled from the eyeballs today thanks to a couple of monster shortfalls in the Health Care Cost conta