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A lot of other people did. A lot of people were short going into the report yesterday and looking for the market to make that big correction. They did what we thought they would do and, like i say, steve still had the odds as far as they were giving him those odz yesterday, they were very good. It was a reasonable bet that maybe something would happen. It didnt. They just have gone out and jawboned again, judge, and didnt do it. So they lose a little credibility for going out each time that they do that but, nonetheless, i wouldnt be an aggressive buyer here because i think theres smoke in the house. Not saying the house is on fire. Saying theres smoke in the house and so you have time what does that mean . That means you have time between now and december to get your belongings together and get the heck out. Pete . You know, the one thing ive done, scott, the game plan. One of the questions they asked the producers before the show, what are you doing . How did you change your game pla ....
And welcome to power lunch. Im melissa lee. Heres what else is happening at this hour. Stocks pushing higher with the dow and the s p 500 erasing all of septembers losses while the nasdaq on pace for a record close here. Existing home sales falling 0. 9 last month. Economists were looking for a gain. And North Carolina under a state of emergency following days of Chaotic Street protests after the Fatal Shooting of a black man by police. Weve got a live report straight ahead. But first, we got to get to Tyler Mathisen live at the iconic conference in boston. High, ty. Melissa, thank you very much. And its great to be here in boston at the iconic conference where we bring together some of the biggest business icons like todd wagner whom you just heard from on scotts s ....
About 18 times because earnings are slowing and thats a premium valuation that we get when earnings are moving higher and its expanding. You can go back down. You can go back down to 1850 but you have issues coming up. One of them is the dollar to be strong and everybody is going to focus on the brexit which is a june vote but the news will pick up and then of course president ial election. You tend to look at the economic numbers that were not great. Thats good because i dont think that the fed goes you dont know what to believe when it comes to the fed because what some have called a dove fest of last week and then now this week you get some of the seemingly more dovish people talking like hawks. Well and its confusing to the marketplace and its the reason that were correcting right now and its a healthy correction. I dont think its being met with much volatility in the marketplace and looking forward over the next couple of weeks the economic numbers are going to be important. Ism m ....
Obviously was supposed to stem the shenanigans and the fact that the Justice Department felt compelled at this point and time while everybody is hoping this iran agreement is going to hopefully lift the relationship between iran and the United States forward. And for the United States to improve anymore in their new future. Looking at the Bigger Picture here, i seem to remember the atta attack and it seems to be happening on a global basis back and forth. Does this fit into the overall narrative . Is this the attack and counter attack flow of things or is there Something Different here . This is the beginning of what essential sly the new generatio. Just launched a major attack against south koreas banks ....
Now Strong Enough for a december rate hike . A lot of things happening today, but first of all, a very Big Development in the president ial race. Eamon javers joins us in d. C. With more details. Eamon . Mandy, thats right. A blockbuster report here in politico. Com this morning. Politico reporting that ben carsons campaign is admitting that a central piece of his biography was not, in fact, correct as reported by him in his own books. Theyre saying ultimately ben carson was not ever an applicant to west point. In his books ben carson wrote he applied to west point and was offered a full scholarship after meeting with general william westmoreland. Politico reporting that the Carson Campaign is now saying that, no, in fact, he was never offered a full scholarship to west point. In fact, west point is tuitionfree for thos ....