Lets bring in our guests today, arguing that stocks might not be so close to new highs for very long mike wilson, Morgan Stanley, back with us good to see you. Glad to be back. 10 correction is the most likely outcome why is that . Its a continuation from the call we made in september where we got a 10 correction. We walrallied back all this comes back to our framework. We look at the valuation its pretty full volatility has picked up because of the events they know are out there, whether its the virus, the second wave, or the election the premium we believe is a bit understated from where it should be thats all were saying. Its full here these risks are not going away for the next 30 days theyll be with us so, look, the range we put out in august, 3,100 to 3,550 holds. Were still bullish on the vshaped recovery, the call we made a while ago we think its a new bull market. But its risk reward and the risk reward for the upper end of the rage is not that good. If the facts change, could
Mrs. Gallup . How the hell do i know . Very, very close is all i know. Well talk more about it. That whole like how could this possibly be this close . I hope the president crushes him like a bug tonight. Well see what happens. Stephanie yes. Here she is, Jacki Schechner in the current news center. Good morning. Happy monday. Tonights third and final president ial debate is all about Foreign Policy or at least it is supposed to be. Politico emphasizes it will be important for both candidates to link u. S. Foreign policy to whats going on with the economy here at home. For example, right now, bain owns Sensata Technologies is getting ready to ship 170 jobs to china. Workers in freeport, illinois have been asking mitt romney to say something. It will be interesting to see if either moderator or candidate brings up those loss. The Obama Campaign out with a new Television Ad juxtaposing his and mitt romneys stance on the wars in iraq and afghanistan. Here is a bit of that spot linking the
Campaign climate change, latin americas break with the United States, the arab spring, and the danger nuclearweapons already pose in the middle east. Israel refuses to allow inspections at all, refuses to join the nonproliferation treaty, has hundreds of Nuclear Weapons, advanced delivery system, and a long record of violence and repression. All of that and more coming up. This is democracy now , democracynow. Org, the war and peace report. Im amy goodman. We are broadcasting from portland, oregon. At least 40 people have been killed in a Suicide Attack on a mosque in northern afghanistan. The victims had gathered to mark the first day of the muslim holiday. Another 70 people were wounded. Violence continues in syria despite an informal agreement for fourday holiday ceasefire. Clashes erupted between Government Forces and rebel fighters earlier today near a northern military base. A number of anti regime protests have been held across syria, with troops firing tear gas and live rounds
Everybody should play by the same rules. Sensata workers have played by the rules for years. Helped the Company Become hugely profitable. And now they will pay the price. 170 families will now have to find work, health care, and Retirement Security someplace else. Well show you the local impact and how republican Economic Policy has devastated the middle class all across the country. And the economic stakes in this election play out in freeport, illinois. The sensata plant is ground zero in the economic differences between governor romney and president obama. Good evening, americans. Welcome to the ed show. Great to have you with us tonight. From freeport, illinois. Tonight we are in the belly of the beast of mitt romneys economy. The story of the romney economy can be told with 200 jobs here in this small town of illinois, freeport. Now, its important to know, i think how all of this happened. Were going to tell that story tonight. Its important to understand the plea coming from the
Tonight in freeport, illinois. Everybody should play by the same rules. Sensata workers have played by the rules for years. Helped the Company Become hugely profitable. And now they will pay the price. 170 families will now have to find work, health care, and Retirement Security someplace else. Well show you the local impact and how republican Economic Policy has devastated the middle class all across the country. And the economic stakes in this election play out in freeport, illinois. The sensata plant is ground zero in the economic differences between governor romney and president obama. Good evening, americans. Welcome to the ed show. Great to have you with us tonight. From freeport, illinois. Tonight we are in the belly of the beast of mitt romneys economy. The story of the romney economy can be told with 200 jobs here in this small town of illinois, freeport. Now, its important to know, i think how all of this happened. Were going to tell that story tonight. Its important to under