The market is broken or bent. Give me a reason. That was intentional, wasnt it . Seema m owith the top stockso buy but first bob pisani. Last week you had your opportunity. And the markets have gotten considerably cheaper the multiple, forward multiple, price earnings multiple on the s p 500 has gone down considerably two weeks ago it was 18. 5. Thats historically high the 20year average is 16. At friday we were 16. 6, the lowest since the election. We crept up with the rally, 16. 9, but you get idea its getting cheaper now the big debate is with what weve seen here at the open today, are we at a tradeable low here can we anticipate the market wont have another big move to the downside weve had a big move down. Its the indices are way oversold so makes some sense you get it back. A little bounce. The correction is only six days old. Some people calling it a technical correction, not based on fundamentals. Others dramatically disagree with that idea look whats happened the dow has regai
Galaxy note 7 phone amid all those reports. This is samsungs worstever recall and could cost the company as much as 17 billion. Not coincidentally, apple shares rallying, relatively speaking, top gainer on the dow. John, we sort of set this up in the last hour. Now were starting to put this in context of giant recalls and corporate crises in history. Its difficult to gauge. Smart phone is this unprecedented consumer product, and millions of units, highly profitable. Only a couple of companies in the industry have been able to consistently make profits at it. Apple and samsung. Now youve got samsung stumbling. Equity that could be lost. Google pushing in, competitors at the lower end trying to push up. And its q4. If youve got a premium phone, you can sell it. If you dont, you just cant sell it. How many people shift to a lower profit Samsung Phone . How many people abandon android or how many switch to another android provider . Well have to see. Fte is comparing this to j j and tyleno