Taranova were green across the boards. Dow, s p, nasdaq all green jim, we have a big rebound in the nas names. Best pace on the month since january of 1987. Well, scott, first off, thank you. Every year you and throughout the year you give a lot of respect to veterans. It means a lot to me personally. You and the team at cnbc, thank you very much. Onto the markets look, a little reversal today where the cyclicals are fading and tech is rallying i think thats healthy i mean, look, weve had one heck of a rotation. Not just this week but in the last two months its been going on its time for a pause. And i think the most Important Message here is, anyone whos feeling like they missed out, you dont need to feel that way. If you feel like you missed out on the tech rally of the summer, well, guess what, september and october have given you the opportunity to get into those largecap tech names, the faang names. If you feel like you missed on you the on the cyclical rally, thats going to go on
Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
Station and assaulted officers after a peaceful demonstration intensified. A peaceful demonstration intensified. You get that . You wonder what some of these journalists might have made of some of the most important events in history. What do you think, pearl harbor was bombed by japanese planes after tokyos peaceful protests against americas presence in the Pacific Region intensified. The media, of course, arent alone. Blaming any unrest on the federal government. On capitol hill this week Congressional Democrats on the House Judiciary Committee staged a show trial, im sorry, i mean a congressional hearing with attorney general william barr. Democrats repeatedly attacked mr. Barr for the deployment of federal Law Enforcement in portland, oregon, echoing remarks of local leaders who say its an act of aggression by the government against its own people. In this moment real leadership would entail deescalation. Instead, you use pepper spray on american citizens, and now you are projectin
Station and assaulted officers after a peaceful demonstration intensified. A peaceful demonstration intensified. You get that . You wonder what some of these journalists might have made of some of the most important events in history. What do you think, pearl harbor was bombed by japanese planes after tokyos peaceful protests against americas presence in the Pacific Region intensified. The media, of course, arent alone. Blaming any unrest on the federal government. On capitol hill this week Congressional Democrats on the House Judiciary Committee staged a show trial, im sorry, i mean a congressional hearing with attorney general william barr. Democrats repeatedly attacked mr. Barr for the deployment of federal Law Enforcement in portland, oregon, echoing remarks of local leaders who say its an act of aggression by the government against its own people. In this moment real leadership would entail deescalation. Instead, you use pepper spray on american citizens, and now you are projectin
Station and assaulted officers after a peaceful demonstration intensified. A peaceful demonstration intensified. You get that . You wonder what some of these journalists might have made of some of the most important events in history. What do you think, pearl harbor was bombed by japanese planes after tokyos peaceful protests against americas presence in the Pacific Region intensified. The media, of course, arent alone. Blaming any unrest on the federal government. On capitol hill this week Congressional Democrats on the House Judiciary Committee staged a show trial, im sorry, i mean a congressional hearing with attorney general william barr. Democrats repeatedly attacked mr. Barr for the deployment of federal Law Enforcement in portland, oregon, echoing remarks of local leaders who say its an act of aggression by the government against its own people. In this moment real leadership would entail deescalation. Instead, you use pepper spray on american citizens, and now you are projectin