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Leader but very slightly. It is very much back and neck with the s p 500 as investors try to assess the downing of the russian jet in turkey and what the implications will be for the Global Political situation. If you look at the dow as one example and movement throughout came in the news premarket session when we saw when we saw stocks fall sharply. So thats quite a turnaround and now its up i35. If you look deeper into the s p 500, its still looking mixed on a group like group basis. Utilities and consumer discretionarys have been the worstperforming group and energy has been the best performing group and that has to do with oil prices, also because of the events in turkey. Is some speculation that it could lead to crimping of supply and because there is such oversupply, any talk of that is driving up prices. Those are some of the big cap oil movers we are seeing. Is kind of the regular story we see with oil. What are some of ....
The after hour session, passing apple now to become the worlds most valuable company. Is this perhaps signaling that stocks may have gone a little bit oversold at this point . Guy . I think alphabet is about alphabet and karen had great insight into this last week. I think across the desk weve had different degrees of bullishness. This takes it to an alltime high. Personally at 22 times forward earnings. I dont think its that expensi expensive. It has room to meet and grow in terms of multiples. Paid clicks were up 21 . The street was looking for twothirds of that, and they were able to maintain effectively the operating margins that they said they were going to get. I think thats encouraging. Can the stock pull back down to 775, 70 . I think so yes. Do we know what the other core businesses have done and the other bets have done . Karen, what did you learn from that . It was hard to guess exactly, but tim and i were talking before the show, 2 billion to 4 billion issues have ranged fr ....