To david tepper today to told me the following when i asked him what he thought about stocks it was clear he was very positive telling me, explain to me where this market is rich its not rich with the tax thing that just changed earnings projections. With earnings forecasts going up and Interest Rates where they are, how is this market expensive, he said i dont see the overvaluation. World growth is higher, theres no inflation, the market coming into this year doesnt look rich in fact it looks almost as cheap as coming into last year he said the market cant go down until the bond market gets hit its amazing where Interest Rates are. Josh brown, what do you make of what david tepper told me . Well, i guess it depends on your definition of expensive so by the most popular measures, the market absolutely is expensive which is not a judgment on where it goes from here, because expensive can get much more expensive. But when you look at Something Like an adjusted p. E. Ratio, youre talking
Virtual currencies are meant to act as a type of money that can be traded online exchanges for conditional conventional currencies such as dollars. Or use to purchase goods and services predominately online. Developers, businesses, and individuals are selling through selling Virtual Currencies through initial point offerings to raise capital. Year, manyst americans have become increasingly interested in Virtual Currencies especially given the meteor rise in valuation in recent fall bitcoin. Just for perspective, on january 2 last year, bitcoin broke the 1000 barrier and then peak in december at a way thousand dollars and as of this morning is trading at roughly 6,900. Today, the market capitalization of bitcoin is roughly 115 billion. Regulators and heads of industry educate investors. Part, the sec as put forth many statements and guideposts to help the markets and investors. Has issued sec bulletins on initial coin offerings. Theyve issued several enforcementbrought actions against f
Around 11 50, the gop released an fbi memo a lot of people are skeptical whether that would have any influence on the market. We moved down a few Percentage Points say its a small impact. In the midday yields started picking up around their highs, and weve been cascading lower ever since then. Lets put the vast majority of this clearly on yield concerns all 30 dow stocks have been moving to the downside, but weve seen some interesting moves of major stocks. For example, when was the last time you saw Goldman Sachs down 10 . Thats the biggest point decliner were seeing right now. But even some other big market leaders are down, notably. Boeing is behaving relatively well with the market down better than 2 . Boeing is only down 1. 7 still, its such a big stock, down six points. Thats 45 points in the dow. Then we have some earnings things coming out a little bit exxon was a bit of a disappointment on its earnings today. Thats down 6 even then, even with the lower priced stock, thats abou
Do not use it to say other communities matter but to really focus on black people and be of solidarity. Watch afterwards on cspan to book tv. A hearing on efforts to regulate Virtual Currencies. With the securities and exchange commission. On actions taken by their agencies. Its just under two hours. The committee will come to order. This morning we will receive testimonies from sec chairman. And cft chairman chris giancarlo. On the growing world of Virtual Currencies and what is shown in their two currencies. Type of money that can be traded. We are used to purchase goods predominately online. They are selling virtual coins or tokens to initial coin offerings also known as icos to raise capital. Especially given that meteoric rise in valuation. Just for perspective on january it broke the 1,000 barrier and then peaked in december of 2017 as of this morning is trading at roughly 6,900. The market capitalization is a roughly 115 billion. This is an incredible rise and given that in 2013
In terms of generationally did not prepare us for the work that needs to happen today. Thats the critique i was making about trading on individual success without a sense of social responsibility. Who are your parents . My parents are both retired professionals. One was a School Teacher and administrator of the Chicago Public schools for 35 years and my father recently retired was photojournalist. He worked for Johnson Johnson publishing in the early days, charlotte observer, news day, for past 20 years, New York Times staff photographer. Are they retired from new york. My mother always lived in chicago. My parent were divorced when i was young. My father lived in new york for over 30 years. What is your lineage . The famous part of my lineage, the part i know as opposed to distantly, im greatgrandson of the founder of Elijah Mohammed founder of nation of islam. My mother never converted but very much formative to my early years my First Cousins aunts and uncles all very much part of t