Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average. How important is that going to be as a level we need to Pay Attention to . The 100 and 200 are still a ways away. T
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Go to work so you straight home. Hello and welcome to crossfire were all things are considered im Peter Lavelle the collapse of the russia gate hoax has exposed yet again the unprofessionalism and bias of the corporate liberal media the same media consistently project their own claimed values and political preferences and even the truth are conspicuously absent in their news report. You crossed up this and more im joined by my guest k. My present in los angeles she is host of the game iris in show and in new jersey we have joe concha he is a media reporter and columnist for the hill rules of that that means he can jump in income what now is appreciated let me go to joe 1st here joe over the last 3 and a half years weve been fed this russia gate hoax and its bait and its very basis it is leaks that are giving up given to prefer news outlets from the powers that be well well call it deep we have opinions a new way and those we have a lot of bloopers in retrospect they the the leaks didnt
Then will jump right in. Scott here no interest in giving a speech before mr. Asking questions. What you start asking questions. There we go. Just in time for thanksgiving. A book to help you deal with people with whom you disagree. Everyone, get out and get your copy. Gavel, intro, questions. Please send yours up. They dont have to be related to just the book. Here weit go. My name is melissa caen. Welcome to the Commonwealth Club hosting of the scott adams. In his new book loserthink scott dison did epidemic of mental shortcuts that he believes is making as prone to believing in bad ideas. Racist,g that gun control is equal to full compensation and most importantly avoiding self reflection join personal relationships and period were very excited to have him here with us tonight to discuss his new book. Loser thing. And whatever else you guys would like to ask him. He has told me that that thing is loft offlimits for so they go. Please welcome scott adams. [applause] loser say is the