You look at the gains here, the dow is up almost 7 since february 11th. The s p 500 up more than 8 in that same time frame and the nasdaq is up 10. 5 since february 11th. Do you sell into the rally . David joins us. You have a bullish tendency, but i think you believe that the upside is limited here. Yeah, absolutely limited. We talked about it last night in the show. Essentially this is a fearbased trade. People underpositioned on the long side that are fearing a lot of the meetings coming up over the next several weebks. A meeting in china kicks off today. Most importantly the ecb given draghis comments about potential additional stimulus, so i look at it and say under positioned, getting long, fear of it running away from them, but most importantly, there is a big fear, big fear about being short. So all these, you know, stocks and sectors that have underperformed have been completely negative, biased on sentiment trades, youre seeing that risk come off and seeing a tremendous amoun
Things. When we get to the qanda part of the session. But we ask if you have a question first put it in the form of a question in the second, make your way to the microphone because we are videoing both for our own page and cspan tv is here this evening as well, and they would like to be able to hear your question. And at the end before you come up to get the book signed the stuff was appreciated. The presidency was profiled in a new book by tim weiner thats receiving a lot of attention. Hes quite familiar to many in washington and he lived and reported here for 15 years in the previous books. He got it into the newspaper business after earning a masters degree in journalism at columbia 30 sixes ago and by the early 1980s he had landed at the Philadelphia Inquirer where he worked for a decade. They were right up ready to put the budget to sponsor the Defense Research and that led to the first book. They joined the New York Times in the mid1990s covering National Security issues that he
Watergate scandal. [inaudible conversations] im going to put this down here for just now. Okay. Good ioning. Good evening. Im bradley graham, coowner of politics prose along with my wife, lissa muscatine. On behalf of the entire staff, thank you so much for coming. A few quick administrative notes. Now would be a good time to silence any cell phones or other things that might go beep. When we get to the q a art of the session part of the session, we invite anybody to ask a question, but we ask that if you have a question, first, you put it in the form of a question and, second, you make your way to this microphone up here, because we are videoing both for our own youtube page and cspan tv is here this evening as well. Theyd like to be able to hear your question. And at the end, before you come up to get your book signed, our staff would appreciate it very much if youd fold up the chairs that youre in and lean them against the bookcases or a pillar. The topic this evening is, of course,
Terror strikes the capital of mali. Hostages have been killed. Mali commanders are quoted as saying ten gunmen armed with grenades. New isis propaganda video threatens the white house. There was a third suspect. In that daring raid the other night. Also, abaaouds on surveillance footage. Released from a federal prison this morning, 30 years after he was caught selling american intelligence secrets to israel. An american teenager schwartz of massachusetts was one of five People Killed in terrorist attacks in israel. The president and Hillary Clinton are completely out of touch with reality. In a blow to president obama, an overwhelming vote in the house in favor of a bill requiring high level signoffs for refugees. Slamming the door on every syrian refugee, that is just not who we are. A new jersey state trooper allegedly drunk on duty after rearending another car. I cant i got to get home. A kayaker falls out of his boat. All that. Touchdown, jacksonville. Thats tough, trying to cover
Again, you are going to at least see more sunshine in the northwest wind kicking in in the wake of yesterdays front to help make it feel a little bit colder. So, sun glasses, and maybe scarf required here today as that frontal boundary retreats, the umbrellas go right back to the closet. Quick peak at the eyewitness weather region wide forecast, talking mid 40s, in the poconos, the sun will shine, breezy day down the shore, at 57 at best. And just very seasonable here in philadelphia. These temperatures should stay pretty stead he for the better part of the day. The way it feels now, meisha, a kind of the way it will feel the rest of the day. Okay, well, you know, at least weve got the sunshine, thats always good thing, especially on a friday. Thanks for that. Good morning, everyone, happy youre here with us, southbound at girard looking good here, well keep our eye on interstate 95. We push through the 5 00 hour, particularly, up into the 6 00 well get very busy on 9a looking good the