[gavel] this is a meeting of the recreation Part Commission with the secretary please call that roll call buell, here. Anderson, here. Harrison, here. Mcdonnell, here. And i believe bonilla is on her way. Im going to make a few announcements and then ill get started. As you said this is a meeting of the rec and Park Commission today is october 20 we ask that you would please turn off any sound producing devices that may go off during the meeting. That you take any secondary conversations outside. If you would like to speak today we request you complete a blue card. You do not have to. Commissioner buell would be home any minutes for each how many people you want to testify on one thing or another just to get an idea i think will suffer 3 min. Okay. So as you heard, each person walked 3 min. On each item to speak today. If you are interested in an item that falls under the jurisdiction of the rec and Park Commission but is not listed on the agenda you would speak on general Public Comme
Meeting of the rec and Park Commission today is october 20 we ask that you would please turn off any sound producing devices that may go off during the meeting. That you take any secondary conversations outside. If you would like to speak today we request you complete a blue card. You do not have to. Commissioner buell would be home any minutes for each how many people you want to testify on one thing or another just to get an idea i think will suffer 3 min. Okay. So as you heard, each person walked 3 min. On each item to speak today. If you are interested in an item that falls under the jurisdiction of the rec and Park Commission but is not listed on the agenda you would speak on general Public Comment that is item 4 and continue again on item 10. When you make Public Comments please address your comments to the commission. Neither the commission nor staff will respond to questions during the Public Comment in order to allow equal time for all. The commission may request from staff th
Is there any additional general Public Comment . Seeing none, Public Comment is closed. This is an information item. Item number eleven. Adjournment. We are adjourned. Thank you. [gavel] this is a meeting of the recreation Part Commission with the secretary please call that roll call buell, here. Anderson, here. Harrison, here. Mcdonnell, here. And i believe bonilla is on her way. Im going to make a few announcements and then ill get started. As you said this is a meeting of the rec and Park Commission today is october 20 we ask that you would please turn off any sound producing devices that may go off during the meeting. That you take any secondary conversations outside. If you would like to speak today we request you complete a blue card. You do not have to. Commissioner buell would be home any minutes for each how many people you want to testify on one thing or another just to get an idea i think will suffer 3 min. Okay. So as you heard, each person walked 3 min. On each item to spe
Couple of times i thought i had it right. Not least of which this last time with this whole brexit vote. S ps at all time high, but gbac to what are you paying for here . Dan talks about gap earnings haves nongap. Its interesting we use nongap. The non accepted principles when we should be using gap, but gap earnings are hovering around 22, 23 times earnings. That to me is expensive. Whats the point . Stock market could still go higher because people are putting money into every different asset class. Theres one stock market has gone higher. The nikkei is still down 20 . The dax is down so 10 . Euro bank stocks are down. Almost every one is is down considerably from their 52yeek highs. As weve seen yields the world over go lower. You have been right other than the s ps. I think theres two, well, today, three things going on, but i wish we could see how much of bond buying is just the alternative of negative rates around the world and so people are coming here. Having nothing to do with
Investors continue to believe that the fallout from the brexit vote will be limited and todays buying picked up steam after britains central bank said new stimulus was likely this summer. More on that in just a moment. All of the major inddeese rose more han 1 today. The Dow Jones Industrial average gained 235 points to 17,929. The nasdaq added 63. The s p 500 was up 28. For the first half, the dow and the s p 500 posted gains. The nasdaq fell, but the final numbers for the First Six Months of 2016 dont tell the whole story and what a story it was. January 2016, it was the worst start of the year for stocks ever. In just ten trading days the s p 500 erased nearly 1. 5 trillion in market value. February 2016 the selling intensified. The major stock indices hit multiyear lows. Oil prices cratered and gold prices took off. By march things start to turn. Global uncertainty seemed to fade. Stocks rose along with the price of oil and the market hit new highs for the year. That climb continue