Yesterday carl was a discouraging day for a lot of people who have been chasing momentum because last week was maybe one of the best momentum weeks i can recall since 1999, which meant that if you bought it went higher and how much fun is that . Yesterday was the day that you bought it went higher and then you got crushed. So i think that usually takes a couple days of reset where maybe you can after stocks that arent as hot, say, as tesla. So you would focus, say, on Something Like the banks ive been through the banks and i know dave and i talk about this all the time, they are incredibly complex beasts, they are not like, oh, tesla, hot and when i first went over them i thought they looked pretty good but already theyre reversing. This is not an uncommon pattern as people find one line or two line that they dont like and then they sell these stocks. David, its happening once again. You know that these banks could have had littered with bad loans, its not, they have great trading, the
Only given consideration to more recently because of the phenomena. Well end up meeting the ceo a couple of months or whatever after we have made an investment it puts greater burden on us for Due Diligence and for the backgrounds of the people who are involved and the experience. Its probably going to end up with some good results actually. Thats interesting. Weve had some discussions on air about the degree to which lack of persontoperson meetings means can you close on a house, can you close on a transaction, but youre saying its not necessarily a deal killer it definitely is not. I think that will be for early stage companies. The Later Stage Companies where theres more substance involved and theyve been around longer is a bigger problem. Were in the early stage, a round, b round, period i think well have less of a concern about that we also obviously are focused a lot on follow on rounds for our existing portfolio which is fairly extensive at this point hi, alan, its jon fortt, go
613, s p down about 75 and nasdaq off by almost 200 on concerns about what we heard out of the white house last night. Joe mentioned those numbers. 100,000, to 240,000 americans potentially dying from this. The treasury market where yields have come down right at about 0. 619 . Some pressure as people move into treasuries as a safe haven. Andrew part of that, we talked about, so much of the money being rebalanced to some degree was propping that up that money wont be there today or the rest of the week or rest of the month because so many of the Pension Funds were there irrespective of the numbers we were hearing well put some pressure on the market in the meantime, the number of confirmed cases has reached 189,000. More than 4,000 people have died in new york city alone the latest death toll has exceeded 18,000. Maine is the latest state to issue stay at home order joining 28 other states. This morning, three out of four americans are facing some sort of lockdown due to the coronaviru
Crossfire raiser with the revelation 20 days before they would be interviewed and may have been trying to get him to lie the investigation lacked derogatory information meaning they found zero evidence that flynn was colluding with russia january 4th memo released the fbi decided to close the case writing. This. The ch team determined that crossfire razor was no longer a viable candidate as part of the crossfire hurricane umbrella case. But these documents show now disgraced. Going texting unidentified case manager this hey, if you havent closed razor dont do so yet. The response okay. Three weeks later flynn would be interviewed by strzok at the white house at the direction of james comey and now flynns attorney is demanding a dismissal. The case must be dismissed preferably for government misconduct but in any event the guilty plea or guilty verdict thrown out because general flynn is absolutely innocent. So the case has been a travesty of justice from the getgo with the documents th
To surpass the United States economically and militarily. Today, President Trump said that what happens next is up to china to maintain a relationship. They must make good on the historic trade deal. If they dont, we could see a dramatic shift. We went through the worst attack weve ever had on our country. This is really the worst attack weve ever had this is worse than pearl harbor, this is worse than the world trade center. Theres never been an attack like this. Martha these are very strong words. Remember, both of those attacks let of course to declarations of war by the United States. Tensions are rising at is the president and secretary of sta state, their language becomes more pointed each day. Speak of the chinese, his party misled the world. The World Health Organization needs to still demand that there be an investigation. Martha know clearly the chinese leadership is also going on defense. Mr. Pompeo spoke greatly, but he has never presented evidence because there was just no