We welcome him to wall street week, joe, great to see you. This week coming up the 8yearold anniversary of collapse of lee man brothers, it seems in some ways that it was just yesterday. Liz it does. I know a lot of the viewers are thinking that its been eight years in the rearview mirror. Gary and i were talking minute by mint. I was out in the west coast and i was thinking, will it happen and i got the call leihman will file for bankruptcy. Its been quite a run but youre worried about whats going to happen after this election, share that with us. For several reasons. Im not confident in terms of sustainability so why is the market hitting alltime highs . First in the land of the blind, thats the United States. Youve had 400 billion of direct Foreign Investment come in the last year and you look at the Companies Hitting earnings and part of the reason for that, we have record buybacks of stocks. 585million in the last 12 months. That supersedes 2007, just to put that in perspective. I
We welcome him to wall street week, joe, great to see you. This week coming up the 8yearold anniversary of collapse of lee man brothers, it seems in some ways that it was just yesterday. Liz it does. I know a lot of the viewers are thinking that its been eight years in the rearview mirror. Gary and i were talking minute by mint. I was out in the west coast and i was thinking, will it happen and i got the call leihman will file for bankruptcy. Its been quite a run but youre worried about whats going to happen after this election, share that with us. For several reasons. Im not confident in terms of sustainability so why is the market hitting alltime highs . First in the land of the blind, thats the United States. Youve had 400 billion of direct Foreign Investment come in the last year and you look at the Companies Hitting earnings and part of the reason for that, we have record buybacks of stocks. 585million in the last 12 months. That supersedes 2007, just to put that in perspeive. sit
We welcome him to wall street week, joe, great to see you. This week coming up the 8yearold anniversary of collapse of lee man brothers, it seems in some ways that it was just yesterday. Liz it does. I know a lot of the viewers are thinking that its been eight years in the rearview mirror. Gary and i were talking minute by mint. I was out in the west coast and i was thinking, will it happen and i got the call leihman will file for bankruptcy. Its been quite a run but youre worried about whats going to happen after this election, share that with us. For several reasons. Im not confident in terms of sustainability so why is the market hitting alltime highs . First in the land of the blind, thats the United States. Youve had 400 billion of direct Foreign Investment come in the last year and you look at the Companies Hitting earnings and part of the reason for that, we have record buybacks of stocks. 585million in the last 12 months. That supersedes 2007, just to put that in perspective. I
We welcome him to wall street week, joe, great to see you. This week coming up the 8yearold anniversary of collapse of lee man brothers, it seems in some ways that it was just yesterday. Liz it does. I know a lot of the viewers are thinking that its been eight years in the rearview mirror. Gary and i were talking minute by mint. I was out in the west coast and i was thinking, will it happen and i got the call leihman will file for bankruptcy. Its been quite a run but youre worried about whats going to happen after this election, share that with us. For several reasons. Im not confident in terms of sustainability so why is the market hitting alltime highs . First in the land of the blind, thats the United States. Youve had 400 billion of direct Foreign Investment come in the last year and you look at the Companies Hitting earnings and part of the reason for that, we have record buybacks of stocks. 585million in the last 12 months. That supersedes 2007, just to put that in perspective. I
Big implications for stocks and first the markets. Stocks snapping a fiveday winning streak ending at lows of the session. The s p 500 closing below 2,000. Oil was weak sending Energy Stocks lower by 4 and financials pulled back also to the teen of 11. 5 . So with cracks starting to show in the month long rally that weve seen, which half stocks or sectors could be the first now to burn out . Pete, what do you say . You know, im looking at the Energy Sector and specifically when i look in that sector im looking at will drillers and the problem with the drillers is they were so shorted and so hammered that they have added an absolutely incredible runup. Oil has made this move 26 to call it 37 and now all of a sudden you get a bit of a pull back and look at some of those names. They pulled back right along with it. Im not so sure that those names really have flipped around in terms of has the Company Really has much changed about everything with the drillers over the last week or two . I