May 2018 when they lost their ability to judge because so many were being by crypto maniacs. When crypto sold off, that demand vanished. There have been other times when i have been asked whether it is still safe especially when the going to earnings. I typically said i dont want to play that game. I like nvidia but i dislike earnings rules which brings me to lesson one, i am not a hedge fund matcher anymore. I am not trying to teach you how to be a hedge fund matcher. Read the research, by speaking to the analyst, the company would go up or down in results. That is your trading, not investing. These days, i cannot even play that game. I just know i like the company. See, i have come to the conclusion that what matters is the longterm and not a quarter. The lake great and to growth telling the ceo that a quarter isnt a reasonable proxy, a good period to reach read a company. He lays all of this out and i used to believe he was right but there are too Many Companies that stocks break do
Sense for our stock market to be down as far as it was today. Even as i have repeatedly said that china is a shadow of its health. Losing 1. 1 percent. What is up with the job market . This chinese Economic Data overnight. I am not gnoring the current corporations with china. Should china be super important to our stock market these days . I think that china is hurting. It is happening but not as drastically as some people think. We rely on them for so many cheap goods. Whats more important is whether you hate them or love them. The final investments away from china and the Biden Administration is doubling down on new technology. It will have a far greater impact on the progress in the future. With youth unemployment this morning, it was a jarring. That is what the authoritarian regimes do. I do not want to ignore the pending collapse of some chinese financial entities. I find it odd that arm market is this versatile. One quarter of their exports go to the prc. I have to question that.
Whats working at the moment. And the old days, when the great mark haynes ruled the mornings around here, i remember that each time i co hosted he would introduce me as reverend jim bob from the church of whats happening now. It was fun back then and seemed like everyone was running their own personal hedge fund. There was an understanding that a stock could be here today and gone tomorrow and everyone was fine. Everyone was fine with it. Those days are over though. And if you recommend a stock for a trade, even if you say buy it today, for the Analyst Meeting tomorrow, and then you sell, there will always be a video, a youtube kicking around, shows you liked the stock but never gave the sell call. So weve gone beyond that. Were all about educating you to be a better investor. The same thing we do every day at a higher intense level at the cnbc investing club that i want you to join. Tonight, i want to introduce you to the concept that is so important and its called suitability. Basica
20,000 of them have been identified. In fact , arrangements are being made to solve this issue seriously. The deputy of the technical and Vocational Education organization announced the payment of facilities for setting up technical and Vocational Training workshops and said that in the next years budget, a percentage of the credits of each institution will be allocated for the development of education. Technical and professional skills should be allocated. Any project that is implemented, the government construction project must have a skill attachment. The worker who works in that project must be skilled and trained, have our professional technical skill certificate. People who may be unemployed in their jobs for any reason in place of those Unemployment Insurance credits , we will provide free training for those people. There are a series of people who have been working with us for many years in the form of a right to advance. They succeeded in building a Polymer Production reactor
Corrosion but the need to believe in something otherwise, youll miss out on amazing opportunities this market affords you and saw some play out even as the averages were not so hot. Those were well off the lows and i think we have a big problem here on wall street. Thats where im located right now, wall street but simply most people dont trust the market anymore they dont ceos. They dont trust individual companies. Just endless skepticism and little sincere belief. Im playing around a whole series on why we lost faith in the market most people have given up on owning pieces of individual companies, a lot goes down to the fact that daytoday action doesnt make sense trying to gain things. Not showing up or downs for reasons that have nothing to do with underlying companies. But there are moments when the market works like its supposed to i have two nondysfunctional examples most highly gettable. I know that because we own them for my trust eli lilly had a tremendous quarter. It could be