colleagues who never quite figured decency out. not joe. the gentle giant who never forgot the little guy. with me in philadelphia is my good friend joe battapaglia. did i say that? we got it on tape, honey, if you want to see it. where is the shredder when you need it. i have no idea what i did and it sounded impressive. do you remember when it was a big deal? all right. go ahead. we could apply the money more directly to the housing problem and perhaps bring about the solutions quicker. it s asinine to honest with you. that s what the market needs. [ laughter ] didn t jump into it. he did. nasdaq was [ laughter ] joe. beautiful! when we come out of the recession-like conditions we ll have a rally and it s small and mid-caps to lead the charge big-time. they always lead the rally to the bottom so that is not big news. if you own big caps. what is going to happen?
we didn t convince them to close over 1,000 until 1982. is that what we are looking at? i don t think so. we have record profitability, record levels of cash and corporate balance sheet and global opportunity for growth we have never had in the priest cycles. tap the piggy bank so they will be loathe to spend more. if the landscape is shifting it could effect their confidence. $2.5 trillion of that is my wife. my wife has the other $2.5 trillion. neil: of all the years i covered the financial community, perhaps i talked to no gentleman more than my next guest, joe battapagia who taught me about covering this stuff and getting through the gobbledygook of what was important. he and i would go in and out of the world trade center to different buildings. taking the trains to get to downtown new york. in our cases from new jersey at the time. it was from this vantage point tragically that joe
neil: last night on fox business i simply asked hey, say it isn t so, joe, say they got it ronal, that i got it wrong, that my friend of nearly three decades hasn t died and the wall street icon expect trade the life for something else. but he did. joe battapaglia is dead. you may not know the name but i bet you know the name. he s familiar face in bull markets and bear markets he s always popping up just explaining the market. a bull when folks were bearish. bear when folks were bullish. a rock in an industry where personnel skills are rocky. joe was none of that. trite to call him a giant but he was physically imposing. i often told him joe, i like having you on the set with me