Stocks have reacted so favably to what is happening. If you look at the equity valuations of Global Equities without Financial Services since the crisis. Equity prices are up 100 . Until the selection, financials were down 20 to 30 . So you are starting with a phenomenal valuation discount. Thats why i think this will be sustainablfor a while. I think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. We can see there are portions of this that have been costly and ineffective and slowed the growth of banks. I think there is some wind in the sails here. Trish you couple that are higher Interest Rates and thats feeding this as well. I dont think there is any business that wont benefit from higher Interest Rates. Gary viewers talk about how the financial industry suffered from regulation. But i always ask what kind of thing will make the earnings grow faster for the banks . I cant think of anybod
Stocks have reacted so favably to what is happening. If you look at the equity valuations of Global Equities without Financial Services since the crisis. Equity prices are up 100 . Until the selection, financials were down 20 to 30 . So you are starting with a phenomenal valuation discount. Thats why i think this will be sustainablfor a while. I think discussion of rolling back the parts of regulation that have been not effective and by no means am i a proponent of rolling back all regulation. We can see there are portions of this that have been costly and ineffective and slowed the growth of banks. I think there is some wind in the sails here. Trish you couple that are higher Interest Rates and thats feeding this as well. I dont think there is any business that wont benefit from higher Interest Rates. Gary viewers talk about how the financial industry suffered from regulation. But i always ask what kind of thing will make the earnings grow faster for the banks . I cant think of anybod
Vocational training and big name ceos will be in attendance among them the ceos of dow chemical ibm and sales force taking part of that meeting. I believe youre watching the video now of Angela Merkel getting to the white house. There will be meetings between working lunch and the News Conference during the 1 00 oclock hour that we will be at. We are led to believe that the subject of immigration as these two have direcd pol views on immigration, that will be brought up throughout the day as he had several members, republican members at the white house as well trying to flip them to the nocolumn to the yes, column and the president said he just that. These folks were mostly nos yesterday and now every single one is a yes and i just want to thank you, we have a Healthcare Plan thats going to be second to none. Blake charles, we are now hearing that the vote on the house on the aca could come as soon as thursday. Charles. Charles thank you very much, more on health care later. We want to