Or woodstock of a. I. Now it is the ance absolute biggest event in technology because lets face it, it moves the economy and it moves stocks. Investors now eagerly awaiting the ceos keynote speech. Well discuss that a little later in the show. More wall street strategists telling investors dont worry about high stock valuation. Go out there find some growth. Just shut up and buy. Art laffer for fed chair . I have a exclusive interview with the author of reaganomics. He is on the short list. Ibm mania could hit a fever pitch. It is about reddit. They come public on thursday. Dictionary. Com has valuation. It has a lot of people worried including me. All that and more on making money. Charles all right, we discussed it last week, right, the a. I. Woodstock evented. It begins today and thus far it is living up to the hype, folks. Theyre hearing from visionaries, 300,000 developers and different folks, over four days, major news. Updated developments. All hosted by who i think will be the
Red after bopping when bob iger said he is confident Disney Streaming offerings refer profitable by the end of the year. Target shares jumping but still some areas of concern. Were going to discuss that coming up. But lets start with todays declines in the broader markets. Mike santoli joining us from the new york stock exchange. Mike, a day like this kind of expected after the rally that weve seen . For sure, court. In fact, maybe multiple days like this just because the s p 500 managed about a 25 gain off the october low. We have only had two down weeks in 4. 5 months. All those things suggest theres room for relatively routine backing up of the indexes. What is going on below the surface is a fit full rotation happening. The big winners in the nasdaq 100 in tech have been giving back some of those outsized gains youve been mentioning. You still have a 50 50 updown split on the new york stock exchange. Its not like everything is for sale. The s p 500 is back to levels we first got to