14 million in cash. Stock is jumping on the news. Viacom saga is ending. Philippe dauman out as ceo and kobe bryant can add Venture Capital to his resume. He will join us later this hour. Futures in Oil Moving Lower with Interest Rates and Janet Yellens upcoming jackson hole speech on the minds of investors a long way between here and friday, jim, but enough to keep us busy. There is actually a lot of corporate earnings. We just did nothing that people that jumps out at people. I look at workday, pvs, incredibly strong, and i am concerned that we are going the undercurrent is going to be oil going down because you mentioned iraq and there really wasnt anything fundamental. I watched Oil Last Week and said, give me a break. I mean theres just the glut has increased, the rig count increased. Its up to near 50 in the oil spigot just turns. I think were kind of in no mans land. Remember, there are not a lot of players. Not a lot of players. Yeah. In terms of producers. Well, we also when w
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It comes as no secret to long term investors that the stock market is on the high side of fair value right now. The Schiller PE ratio is currently 25.9 which gives a forward return projection of less than one percent over the next five years. Ned Davis Research pointed out recently that the. Read More.