U. S. Equity strategy at jpmorgan to talk about where the market goes. The coolest on wall street. Reminds me of dubrovnik. Melissa ran through the two month charts which look very impressive. You look at the dow over the last year and the s p over the last year, it feels like we have careened higher and now were back to this level that we keep fighting up against, whether it is the 21,000 leave, the 18,000 level or 2100 level. Where do we go to from here . So market had impressive rallies since february lows. Up 13 , 14 . I would say probably most of this has been driven by short covering. Technicals i think for most part at this point have run their course. Investor positioning adjusted, equity multiple is pretty much at the highs around 72. 5, so i think in order to turn more constructive from these levels on, you need some form of fundamental catalyst and some form of earnings and reacceleration. To me that pretty much means we need more dollar weakness. If we dont get that, i just
James deluc. I want to start with a question and i and inspired by a couple presentations. What it has to do with for the purposes of working on kyushus like protective equipment, disinfection, waste disposal, has any thought been given to what is an appropriate surrogate for beat ebola virus in terms of the behavior of survival under various conditions yet does not require being in a Laboratory Facilities in order to run an experiment. To people have any ideas . Dr. Peters . There is the species of ebola which is not pathogenic for humans and can be downgraded from 4. In addition to that, colleagues have produced an ebola virus by genetic engineering to ward off interference which ebola has and that is probably not pathogenic, institution or review board giving permission to use it. Any ideas about that . There are various viruses, and the question, you do those experiments and say is does that react the same way as the real virus but that would be another idea. From the point of view
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