Profession to treat the practice of law as allconsuming while losing sight of Everything Else but that makes for a shallow and unfulfilling life. I worked hard as a lawyer and as a professor. I owed that to my clients, to my students and to myself. But i never let the law define my identity or crowd out the less rest of my life. A similar principle al applies to the rule of courts. Courts have a vital responsibility to the rule of law which is critical to a free society but courts are not designed to solve every problem or right every wrong in our public life. The policy decisions and value runments of government must be made by the political branches, elected by and accountable to the people. The public should not expect courts to do so and courts should not try. That is the approach that i have strifed to follow as a judge on the seventh circuit. If every case i have carefully considered the arguments presented by the parties, discussed the issues with my colleagues on the court and
The dow down by almost 1,000 points the decline of 1. 8 . S p by over 8 the nasdaq a miracle come back after a laydate rally weve been bouncing around positive territory right now, the dow down around 14 points, s p up about seven points and the nasdaq up about 70 points. We are talking about a town month for the markets, we are looked at four sessions in a row. Thats the longest losing streak looking at these numbers, you are talking about these lower numbers. Month after month i think we had april, may, june, july, august are all up. Stocks only go up not in september. In an Election Year it can take on significance. The nasdaq can move. We can see it down 400 or more points can that close higher again today . Thats a good move you could look at it midmorning and then it seems like it is not the tale at this point kind of the log. Faang, tesla and the leadership move. Apple made the rally yesterday too. Gold is supposed to go up bitcoin, supposed to go up weird. Thats where you think
What hes expecting ahead of the 22 billion their ddollar debut week power lunch starts right now thank you its been another rough week for the market but the nasdaq is now on track to snap a threeweek losing streak. Dom is following the numbers for us assuming that leadership position again and trying to snap that multiweek winning or losing streak rather but if you take a look at the move higher were still in a position now where the dow industrials and the s p 500 could both be on the verge of four week losing streaks. First time thats happened since august of 2019. The nasdaq 11,000. Were watching as the key level. The trends that were happening educational where this year for the vast majority of this year have reasserted thelss this week. Watch what else happens in the marketplace with apple it may be the case to be made there. Well see if that sticks pm back over the you my son just bought apple in his virtual investment port gro portfolio as his starts his 9th grade investment c
But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th
When the selling is resuming for a weekend there nasdaq lost 11k. It is the worst two days they are trying to get 3400 back as the fns or week. Lets check in with bob pissani and get a since of what you think is going on. What was interesting is we were drifting lower going into the nonfar payrollm payrolls there is tech to the downside. Right across the board industrials are a little weak. Energy is better and bank stocks are up as we have seen the yield curve steepenning. A lot of pressure in the middle of the day the stocks in the last several days, he would have gone on a up and down in the last five or six days and i will show you a couple examples of that. These are all stocks that have been extremely frothy in the last 60 trading days docusign had excellent numbers and very positive commentary overall. So what happens next in a correction when you get big frothy runups you can overshoot. Nvidia when from 505 to 580. All of the way down to 580 you can see it is slipping below tha