Fear like Political Institutions or social institutions but occasionally like the animals running away from the ocean during the boxing day tsunami they sensed to tsunami was coming the humans on the beach were like whats going on whats happening meanwhile the elephants are like. High tailing it were getting out of here and so the vibrations are in the air the headphones are leaving the people are panicking they sense that seismic bongs reversal is a man the 40 year bull market in the u. S. Treasury bonds is on the edge of collapse this is the biggest thing to happen in markets in a century its you know weve also been watching this adam curtis series his latest series and one thing that humans do too throughout the decades as well is the powerful people blame the people and the people blame the powerful so theres going to be a lot of blame going around very soon and you see that already starting to organize itself in especially with the media the elite media versus the people but here
B c but you know shes talking about the fear coming as rates rise that the rates are going to start rising and fear will descend and you know as human beings are organisms and in a group a collective together operating in society you can see it in their sort of actions like the one fear is coming in and some like powerful big investors know stuff is about to happen and they start moving suddenly like suddenly there are all these wall streeters and Hedge Fund Guys fleeing manhattan and running to florida right then you see the elite in the beltway media for example theyre starting to vibrate and nervousness about the people the people no longer have faith in them we must stop them from communicating with each other we need to shut down websites we need to start looking at at like telegram or clubhouse where theyre talking to each other without us listening in so youre starting to see actions like that around the edge yeah you know there will be fear and the fear is omnipresent its all i
Be a total touchdown for investors. Start off today with a alltime high at apple. The stock up 80 in the past year the do you buy this ahead of the report tim, youre shaking your head. I barely got the question out of my mouth the. It was really more just the extraordinary move here, and there were a couple of upgrades and theres a sense here that actually sell side consensus is like the relative to the buy side who is probably 10 higher both on revs and eps the multiple on a forward 12month is now 3 is times, and and, yet, look, i think theres a lot of levers for the company to pull here, and i dont think they really care about pulling levers but the Services Revenue is really, you know, settled into this high teens growth rate. The app store apparently is going to do 20 billion calendar Fourth Quarter which is going to be up 45 or so so these are the drivers to me. If you think that this has been a full transition to really a servicesbased earnings profile even though we know its sti
Biden agenda and wall street sentiment, and trying to extend the rally at the open. Covid19 deaths hitting a new record one year as carl said since the first confirmed case in the u. S. A look at how the new administration hopes to contain this pandemic. And the repeat performance, if youre watching yesterday, you know, General Motors is up 36 so far, and the month of january is not even over we will break down what is behind the rally, carl even better than tesla yes and adam jonas on squawk with some interesting comments about the turnaround there. Jim, a big day for policy, as it pertains to covid. Were expecting more executive orders, and actions, regarding vaccinations, testing, hospitals, new public dashboards, and fauci will join the press briefing at 4 00 as he becomes the u. S. s representative, as we rejoin World Health Organization and covax. I think anyone who reads the president s 21page white paper on how to handle the vaccine comes back and says you know what, its going
Lebenthal, i begin with you because there are interesting moves youre making. Jim lebenthal, you sold caterpillar. Were getting a stimulus speech tonight. We may get infrastructure in the road ahead whats up . Well, look the market is anticipatory and thats why cat is not just up off of the lows from march its up 34 year over year thats going back to before the pandemic so lets face it there is a lot of good stuff priced into caterpillar, and thats partially reflecting low Interest Rates which is why youve got roughly a 25 times multiple for caterpillar, thats as good as it gets and as a portfolio manager, i need to sell high after ive bought low. Caterpillar has been great its up about 60 in two years for me im taking some of the proceeds and im putting it into something that i can buy low thats boeing. Im adding to my boeing position im also, scott. Im sure you want to dance with this im also adding to my cash ive raised it to 12 . Im not making a heroic market call with that all im