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Just like this miserable quarter. The house of pain the s p shedding 1. 60 . The nasdaq declined 9. 5 the Dow Jones Industrial average had its worst quarter ever the craziest thing, though, truly crazy, do you know it could have been a lot worse. All sorts offer stocks have roared since the bottom a week ago. S p rose 1. 9 last week. Were leaving the quarter with almost as much hope certainly we had it than despair. How is that possible when the pandemic is raging and the entire economy is in dire straits . This decline was vicious as anyones ever seen it. Investors tend to regroup. They figure out what they can make peace with, but whats too toxic to touch the ones they made peace with have stabilized and can actually rally on good days, but they may not have bottomed. You know exactly what time talking about. Days like today theyre going to give up the ghost a little bit theres some terra firm a there for some of these com ....
Our nations capitol. Trade has been a looming source of uncertainty and this week a cloudy political outlook was thrown into the mix. Today the two combid. Ocks lifted lower after release of ae o whistleblower complaint that sparked impeachment inquiry against President Trump. Then came a report that the u. Unlikely to extend a temporary waiver that allows u. S. O Companies Sell supplies to the chinese tseom gnt huawei. By the close, the doungs industrial average fl 79 points to 891. The nasdaq was down 41. And the s p 500 slipped seven. Trars did snd muchraf the day watching the developments on capitol hill. The acting director of National Intelligence testified about that whistleblower complaint that alleges President Trump abused the power his office. Yl ....
Called them breath taking. They really are, because whats happened is theres a recognition that perhaps there is a cycle dynamic that had been hung up. There are a couple of stocks that really did matter micron, lamb research, companies we thought they were going to peak and i was asked what do i have to do that we shouldnt be at 13 times earnings and how do i explain to people that the cycles should be longer and the reason why thats not the case is the data center ive had everyone from the real estate data trust Investment Centers to the people talking behind the sales at the sales forces, and the work days. I mean, the data center is real. The Cloud Adoption is real and the Cloud Adoption is so much earlier than i thought we were i thought pretty much everyone had gotten to the cloud. It just isnt the case, so the ....