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Alltime high extending its gain into the fourth week as investors cheered corporate earnings. According to Lpl Financial today is historically the best day o the year f stocks and it stts the best sixmonth stretch for the ma det. Toda not disappoint. The dow jones industrtrl average was up to 27,090. Theed nasdaq a 82 and the s p 500 rose 16. And as you know, earnings can often drive rallie but this move higher appeave to be d by whats not being said on all ofhose earnings conference calls. Bob pisani explains. Were coming up on the halfway part of the earnings seas one word investors are not hearing is recession. Plenty of issues out there but the u. S. Consumer which is the engine of Global Growth istill holding up. Weve been scanneding the conference calls. 32 companies have mentioned the wordsion and that along with hopes of a trade deal is the major reaso the s p is hiing ....
Relationships within themselves. Lafco demonstrated it better in the engineering their portfolio than others we feel that my name is went through the same cycles through the 2004 they sold all the assets and 2007 fund a tough time to start a fund theyre doing well. I find the 2007 fund they still put in a lot of the money fast when you look at 2006 or you know or right around there thats when we put it in quicker or 2005 i just seen the worse of the worse so ive gone through each one as you said they were the bank and they couldnt even get the loan from the bank so long as were not loading up what good many and the nordic system is if you recall over the last couple of years weve emphasized managers that are 55 and 50 actual under that in many cases it is depending on the market we do take into account we get comfort that my name is. My name is will recognize that how theyve used the leverage in the most recent fund gone to the protection textbook d only the rate of 64 against an l t v ....
A Million Dollars commitment but we want to give them the flexibility to execute their strategies under all circumstances. Id like to entertain a motion of staffs recommendation and ill make the motion. Ill open up for. Any questions or comments by the commission seeing none all in favor, say i. I. Passes unanimously thank you very much again back and call item number 6 our minded certain item for 2 oclock. Thank you, norman and bob and eunice is going to join me as well a couple of things that is a recommendation to make a change and to hire an mp c as our Investment Consultant is on page 2 n pc is hundred and 80 million in consulting assets nearly 500 billion in the intention consulting it is a significant commitment to the public plans it is a entirely internally opposed and gifted within its ownership more than thirty partners and no partner owns anymore 22 percen ....
A Million Dollars commitment but we want to give them the flexibility to execute their strategies under all circumstances. Id like to entertain a motion of staffs recommendation and ill make the motion. Ill open up for. Any questions or comments by the commission seeing none all in favor, say i. I. Passes unanimously thank you very much again back and call item number 6 our minded certain item for 2 oclock. Thank you, norman and bob and eunice is going to join me as well a couple of things that is a recommendation to make a change and to hire an mp c as our Investment Consultant is on page 2 n pc is hundred and 80 million in consulting assets nearly 500 billion in the intention consulting it is a significant commitment to the public plans it is a entirely internally opposed and gifted within its ownership more than thirty partners and no partner owns anymore 22 percen ....