And by contributions to your pbs station from viewers like you. Thank you. President Donald Trumps failure to condemn the white supremacist and neonazis in charlottesville led steven cohen to introduce articles of impeachment against the president. He joins us now for what could be a historic piece of legislation, an honor, sir, to have you back on this program. Its an honor to be on it, thank you. Let me start by saying something to you is that articles of impeachment is serious business. I dont know if theres anything more serious when it comes to the presidency, and you must have thought a lot about that before you introduced or even started to talk about this legislation. Im a student of history. And i know about Andrew Johnson and of course all of us watched bill clinton and that bizarre effort by the republicans to get him for lying about an affair, and but people may age, we lived through watergate too. Uhhuh. So its a serious thing, but when you have a president who violates hi
And by contributions to your pbs station from viewers like you. Thank you. President Donald Trumps failure to condemn the white supremacist and neonazis in charlottesville led steven cohen to introduce articles of impeachment against the president. He joins us now for what could be a historic piece of legislation, an honor, sir, to have you back on this program. Its an honor to be on it, thank you. Let me start by saying something to you is that articles of impeachment is serious business. I dont know if theres anything more serious when it comes to the presidency, and you must have thought a lot about that before you introduced or even started to talk about this legislation. Im a student of history. And i know about Andrew Johnson and of course all of us watched bill clinton and that bizarre effort by the republicans to get him for lying about an affair, and but people may age, we lived through watergate too. Uhhuh. So its a serious thing, but when you have a president who violates hi
Turn cautious too soon rather than wait until its too late. In addition, marks writing that asset prices are high, quote, across the board. That there are few bargains to be had and that a growing number of investors are embracing increasing risks to achieve their returns. Here to discuss that and debate the memo, the stocks which are moving today at this hour, pete s na jaaron. Also with us is cnns leslie pi pickert going through this memo. It is from oak trees howard marks questioning whether stocks are too expensive. Jim, he says the s p 500 selling at 25 times trailing 12 month earnings compared to a longterm median of 15 he mentions the schiller cape ratio. Almost 30 versus a historic median of 15 right. Is he right he is right in concept. Now this is not bubble territory. Stocks are a little expensive. The market overall is a little expensive. I look at some of these industrial names as earnings come out, trading in the mid 20s for a multiple thats a little bit high heres the thi