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And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 1 ....
Is confronted on m s n b c s slanted coverage of the minneapolis riots it is not generally speaking on really. Started well lets hear it and talk with the man who put the top man on the hot seat doesnt matter about the long. Its about. Being able to tell the should go trial by media its a new series on netflix and it raises a lot of relevant issues for this show well speak with one of the featured Defense Attorneys and the media uses a stroll down a ramp and a drink of water to quote unquote prove that donald trump is ill while his opponents multiple missteps and misspeaks the good go unreported im Steve Malzberg lets see the press. Oh ya know. Goodbye. Lets face it folks at least in my opinion right now not only does the media have no use for donald trump they dont have much use for the police either and that was never more evident than tuesday night on the network newsca ....
Dow decline. Massive market selloff is where we begin this morning. Kevin koran and keith lewis join us now on todays down swing keith, the pullback were seeing right now, start of a larger correction how are you position organize how would you be suggesting investors position given the steep moves weve seen today first, good morning well, from our perspective, back in late january, we downgraded our nearterm Equity Outlook to neutral, and part of this happened before the coronavirus. Already we had stocks at a cycle high, the sentiment that was stretched and weve gone over six months without a normal correction you lay on the coronavirus, which provides for uncertainty, and we think the risk reward near term remains mixed. From our perspective, that means maybe bringing equity allocat n allocations that have run up a little bit back to target. Some of our more tactical portfolios last year we added a little bit of gold longer ter ....