Would be my guess. I just give it to you mathematically. But with Interest Rates at 2 , and maybe they go to 3 , but you could argue with im talking about five and tenyear rates now, not fed funds. You could argue that multiples should be up at 25 times earnings. And pretty easily you could argue that. You do that math with any Earnings Growth and you get like 50 over the next few years. So i think theres a long way to go actually. You still have people now somebody trying to come out of the woodwork and saying, well, you know, maybe were kicking down the door of euphoria. Maybe were getting ahead of ourselves. Mark faber was on the program yesterday call for an of large avenue lanlg of selling, too much being put on the trump agenda, et cetera. You dont subscribe to any of that . I dont subscribe that this is a trump rally or things like that. I think its been pent up. I mean, the amount of cash and many2 has been rising. I think it was under 10 trillion. Now under 13 trillion. I thin
Can last. Jim, i heard you say this morning, people are feeling liz stable, theres a lot of remorse. This cant be as good as it seems. Are we at a tipping point, do you think . I do think were at a pausing point because i know the fed is going to take action. And i think that everyone is excited about the fed raising rates until they raise rates. And this day you get a sell on the news situation. I do believe that theres a lull in earnings that makes it so you start thinking what is going to get 3m to 192 . Should i be buying boeing at 200 . What i find is that people are saying, geez, you know, the tweets are a little insane and the janet yellen who knows what shes going to say. Maybe take something off the table. That not radical. Thats fine. Continuation of what we saw thursday and yet friday turned out to be a benign day. I dont expect anything big enough to get out and get back . You said you would ride through it. Yes. Absolutely. I want to ride through it. Fault anybody for taki
Live. Good morning and welcome to is squawk alley. Breaking news out of commerce this morning wilbur ross is about to make a statement. Total combined criminal and civil penalty paid to the departments of commerce, justice, and treasury. With this action, we are putting the world on notice. Improper trade games are over with. Those who flaut our economic sanctions, export control laws, and any other trade regimes will not go unpunished. They will suffer the harsh of consequences. This case is just the beginning. Under President Trumps leadership we will have the dual purpose of protecting American National security and protecting american workers. It was as insulting as it was dangerous will improve by the court first pay an immediate out of pocket monetary penalty of 892 million. Zte has then agrees further to a sevenyear suspended denial order and a seven year 300 million suspended fine. Both of which provide longterm deterrents to further bad behavior. If they step out of line, thos
Thought could be catalyst for that, judge. Of course the march 1st and then m. Welcome back to the march 15th. Were coming up on march 15th. Halftime report. Just want to tie up the health were not seeing a lot of fear. Care conversation we were having because you guys are buying weve seen minor, you know, these stocks. This is one of the sectors whatever,. 2 ,. 4 selloffs. Thats along the lines of what i ive been underweight at think were going to get. Least market weight for now. Mylan is a new name for me. A softening rather than just an eight times earnings. Off to the races continuation of got crushed. We know why. That rally. We talk about the warning epipen issues. Signs, whether its the dollar, i think thats behind them. They had a meeting last week. The numbers are redisked. Its a fed meeting looming. Im wonders, steph, if you think they talked about getting to 6 the fed actually does hike rates in earnings power. Ceo was was on the network on next week, what happens to the th
Headquarters in palo alto, 11 00 a. M. On wall street, and squawk alley is live. Good wednesday morning. Welcome to squawk alley. Im Carl Quintanilla with jon fortt, sara eisen at post 9. Obviously, a busy day, even though the markets arent showing a whole lot of volatility. The president is going to sit down with some infrastructure ceos at 12 30 eastern time. Attendees include teslas elon musk, apollo cofounder josh harris, real estate moegle Richard Lefrak and david tepper making waves on squawk box this morning, discussing the new regulation atmosphere in washington. Theyre going to give you less regulations for obamacare. Theyre going to give you a tax cut. Everything is this everything is neutral to positive that can come their way, versus an atmosphere for the last 16 years, lets call it, thats been regulation, regulation, regulation. Joining us this morning, ben mandel, jpmorgan global strategist, michael kacannon. I dont know if you heard what tepper said, but hes talking abou