About the demise of the Business Leader panels the president put together with so much fanfare. Did he disband them . Who knows . Youve got ceos openly castigating the president for his off the wall remarks and the president calling them infants pure chaos in washington, with some of trumps most important allies unable to hide their contempt for the president s statements which they see as providing aid and comfort to White Supremacists but the dow gained 26 points, the s p inched up, and the nasdaq advanced 0. 19 . Why isnt this market plummeting simple the stock market is not, and has never been a referendum on washington they know nothing sure, some president s are more stock market than others. Regardless, whatever else you may say about this administration, and you may be saying it, trumps as pro stock market as it gets. He believes that the market is a referendum on his president. They cant hurt. Nevertheless, lets not forget that the market did well under president obama, too he
Mario, we talked about the banks on this show almost every day since the election and for good reason, they have soared. What do you think of this particular call that may be the skys too blue . Look, the answer is the following. As goldman is a subset of whats going on in the entire ecosystem of stocks. After the election capitalism beat out socialism as a way to thats good for people who want to have assets protected under the rule of law. Now were putting back innovation and creativity. Goldman is terrific at that. Secondly, the notion of the whole notion of fiscal stimulation to augment Monetary Policy which is slowing down. Goldman is going to benefit from that. In addition to that, corporate love making goldman will benefit from that. In addition to that, tax reduction, reg reforms, individual taxes coming lower, Corporate Taxes coming lower. A lot of Little Details in between. I dont see any reason to not think it will do quite will over the next few years. Is answer is i bought
The s p getting closer to its record of around 2130 on a closing base. The dow up about 67 points but the nasdaq has not managed to gain much traction on the day. Take a look at the s p since the record closed may 21. We are less than a percentage point away from that record close. It is 2134 if you are looking for the intraday record. We will be watching to see if the s p can rate attainment. Ain it. T but get back to the nasdaq as we have seen it bounce around. It is a tight range even though it looks like a big drop and recovery. Its seem to attract does seem to have tracked pretty closely with oil prices. The pattern that you see is quite similar. Oil still hanging onto a gain and holding above 50 a barrel. It has been a level that has been difficult for oil prices to hold. Also we are watching transportation stocks. They are rising at the same time that oil is rising. Thanks in part to the airlines. Pointing out jetblue has raised its domestic fares and other airlines have matched
Highs today and both Companies Near equal and market cap. Are these tech stocks the ones you need to have in your port follow portfolio right now, guy . Steve has been all over this but given the valuation and run and the stability of earnings, facebook is the name for me. What do you say, dan . If youre picking a would you rather, id say facebook if you didnt have to pick. Both . Listen, i have a lot of fundamental issues with amazon. If you k llook out five years, facebook will be more valuable. I cant tell you what will happen from now and then. Amazon, karen and i were talking this company had a cumulative 500 billion in sales and 5 billion in net income in generally accepted accounting principles. Thats 1 . They have used investors money. Their willingness to invest to take market share and were going to get to that but to me thanks is a bit of a shell game and i dont like it. What facebook is doing is they are front of a secular. They built things other people cant do and the lea