Tens of billions of dollars. You said thats it thats the top of tech the nasdaq was 4400 that week uber High Valuation Companies and use that as your justification to reposition your portfolio. Im not fan of it. Doesnt really work. It makes for better tv than it does for portfolio you dont take a step back and say its 100 times sales this thing has an incredible first day and you dont take a pause. Its not the whole landscape and say i dont think this is good weve seen a million kpaemexs of this. Its not in the s p 500. Investors dont own this in their 401 k its not an important stock. Its a great stock to watch fp lets address it in those terms. Now the stock is getting crowbared. Kramer makes a point. We have this tweet he had on nvidia as well and zoom. It underscores, if you will, i think, very well the landscape and what may be a pull back in some of these loved names especially over the last few months for what its worth, i dont know what octa does. I think that is indicative too
The start of a pull back . How do you know the difference between tech names . Well talk about it. As protests continue to rage into the United States, federal resources are pouring into overwhelmed local governments. What is the price for taxpayers . Well have later in the show. Erin per reason, the president is making law and order is making it a key part of his reelection campaign. All this on making morn any . Note. Making money. Cheryl market got out of the gate a little slowly. As you can see dow up 107. Nasdaq 19. S p is up by six. There are some hot spots in the market and some pretty exciting investment themes going along with the earnings parade and all the drama playing out on capitol hill as usual. In fact you have got two big Earnings Releases that will unscore changing taste how americans spend free time this is up after the bell. Were coming up on take two and netflix. Look at 2020 gains in particular for disney. Really for netflix, gain of much 191 gain over the last th
Continues to rise significantly in terms of the virus and we talked a lot and well hear from meg again and meg has been following it so closely for us and the market only seems to go up as the cases go up. That is leaving some people scratching their heads and others view it as were going to get to the other side and a view of what the economy will look like and then you come back to the fed, carl, which seems to be the fuel that everybody sort of points to as the key fuel, i should say, for this market. Yeah. Morgan, lots of notes over the long weekend and we hope everybody did have a great, long weekend. More debt and liquidity and asset reflation. That was literally the title of the jpmorgan note on friday. Yeah, for all those folks that were basically still stuck at home or not traveling and getting on airplanes, lots to digest in terms of market commentary over the weekend. I would add to the fed, i would add the expectations that do seem to be baked in around what phase four fisc
Behemoth consolidates a space under going massive upheaval it started with smaub cutting commissions to zero. Sparking a flurry of headlines over the frantic race to the many bottom. With the news of the deals between the two giants mass the race to zero become a sprint for survival guy. I dont know. Hello, mel. Hello. I dont know if its a race to zero or sprint to survival. Its genius by schwab. Dan nathan alluded to it a few weeks ago. Schwab was genius, cut rates to zero watched the keters go to zero in terms of stock td amerd trade went from 50 to 32 in a straight line. And then making this announcement they are probably buying the stock or company at levels they wouldnt have been able to buy them a month or so ago good for them. This makes schwab a huge forepersons in the business. And the play. They are a force. Even more so now. En and quickly i think people say etrade next to go not so fast. There is room on the downside. The Second Derivative play, Morgan Stanley, for example,
People to. Draw a lot of you get away. Like youve got a little here. Its a lot of me tell. David and his family have been selling push me here for a tease mostly to indigenous locals called mina hoss and. Why do people love bush meat sorry not. Really to be. That he. Was caught in the abundance of the b. S. On all our stuff. But these trade hes barely regulated every animal he has been caught from the wild and is sold in huge quantities is the rare the animal the better it is. Yeah but the problem locked in my hollow so mark in full up. Yes. You are going to leave something no one will be able. To see him long. Before long you summed up by some obviously local or even. If you will. You please dont worry. David makes most of his money selling bats snakes and board monkey meat like the yaquis hes also conceded a local delicacy. What about yucky. When you know yak you probably blew. Up when you were home but when you put your to way i. Was hoping youd avoid. The. Media all i saw you. Righ