Action Toll Brothers and stitch fix stocks are moving. Well break down the trades straight ahead we start with target practice, folks. Looking into next year more firms putting out 2021 s p forecast its quite a range, citigroup 3800 three percent higher than now on the s p at the other send j. P. Morgan 4500 about 20 percent upside so folks as we gear up for next year, which camp are you in guy . Are you at the low end 3800 or closer to jpmorgan. I will tell you what im in i love Tyler Mathison. Nice to see you. Youre the man. Thanks for being here tyler. Tyler, what was that show boldly go where no man not star tr trek you a fan . I never was a fan thats okay. Nor was i chauvinism notwithstanding, for the first time in History Today Global Market exceeded 100 trillion of market cap, 115 percent of global gdp and s p 500 now about 180 percent of u. S. Gdp just ridiculous numbers. So i understand why the market is going higher, i get it, but id about in the low end of that camp, tyler.
The news. Right. And people laugh theres means going around that every investor is a legendary investor. But stand back and dollar and bill miller are 2 legendary investors. This is huge quote from stanley druckenmiller. Im a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot of attraction as a store of value says legendary investor stanley druckenmiller. Well, this is the poster jones effect, a member on this show 1st of all for 10 years. Ive been talking and he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. So 1st it started off with collectors and speculators and hackers and then it moved on to the corporate level and then it moved on more to with Michael Saylor over there. Micro strategy, a corporate balance sheet. Strategic reserve love on. Now its moving up to the biggest managers of wealth in the world whove been its literally trillions and trillions of 1
Since our inception we believed in the power of partnerships. Id very much like to thank the center for Global Security analysis and our wonderful partners the museum of American Finance and the cfa society of new york who are sponsoring todays conversations. The centennial series was designed to shine a light on important trends. One of the things weve realized is reflecting on our history provides new insight into the current challenges that have disrupted and changed industries and Business Models. Todays session focuses on the challenges we face and survive as seen in the latest book j. P. Morgans fall and revival how the wave of consolidation changed americas premier bank. Im proud to say j. P. Morgan is the largest employer of the schools graduates and i know many of them are on today. A few ground rules. First, president and ceo of the museum of American Finance will introduce Nicholas Sergeant following the discussion we will facilitate audience questions and ask you type your
Ill be back in about 60 minutes with more hope to see you. Then i am max keiser. This is the very kinds a report in no, never discount the power of meaning. Yes. Max, my favorite mean of all time, really, i think thats the heart of all the stuff that is going on. Whether it was the failure to predict what happened in 2016, both in the us election and breaks. And now in 2020, is that when you create this fantasy world around you of money printing price, propaganda, and political misunderstanding where you never leave your bubble on twitter of all blue checkmarks where you never, it leaves your manhattan elite circles or d. C. Circles. Then you dont understand the people and once again, you know, as we saw, and as we see this unfolding boat disaster around us. This mean tells everything you need to now. Its, heres the screaming pollsters, the screaming mainstream cable news media yelling at the people that the people got it wrong. They got it wrong. Its, this is reality. Thats the cat ca
Event. Election 2020, president elect joseph biden. Following a contentious u. S. Election joseph biden will be the next president of the United States and leaders in the middle east have mixed emotions about that as adults, especially those who have prospered throughout down times presidency. The entire region undoubtedly will be he retired from 2019 four years. Me say a few things about leading up to the inauguration that should happen on january january 20. One that the electoral event itself in the u. S. Resonates in the middle east and america has been the leading democracy in the world for two centuries and the middle east since the late 19th century up till yesterday was still combating or struggling over the issue of what is the best political system, should it be a form of monarch or goal or military authoritarianism or islamic system or a democracy in these things are very real issues, particularly among the populations of the middle east. President trump has been somewhat an