Thinks peloton is not just a fad. That bullish sentiment coming up. First, we begin with a continued dominance of tech in the u. S. Market. Stocks upadmit, the 1. 7 , nasdaq up more than 1 . Is something bigger going on . It feels like 2019. This unstoppable rally keeps going. It does not feel like a relief rally, because yesterday after the signing of the trade deal, it was just the stocks that trumped 1 . The other averages posted average highs, s p 500 and dow. Typically a relief rally would come after a big selloff from the major averages. It feels a little bit more like perhaps the early stages of euphoria within the bubble paradigm. That starts with capitulation, then with dislocation into the economic face and then phase and then euphoria. Does that match the fundamentals . Trading at ant, greater than 20 times forward pe. As you note last year, earnings fell by double digits. They are expected to fall for the Fourth Quarter and the First Quarter of 2020. By the end of the year,
I would like to welcome jim cavanagh, chairman of the board of the Nixon Foundation. His wife esther right here in the front row. [laughter] [applause] president of the Nixon Foundation who you will hear from in a few moments. We have many distinguished guests, many former officials from the nixon and other administrations. We are honored to have you here tonight. Year marks the 50th anniversary of protection nixon becoming the first lady. Nixon. Icia under her leadership, the white house collection added over 600 paintings and furnishing elements of the white house collection which is the most of any presidency. The significance of this will be discussed in tonights program. It is important to us here at the White House Historical association is a core part of our nation our mission which was inspired, as most of you know by first Lady Jacqueline kennedy to be the private nonpartisan partner to the white house for conservation, preservation, restoration of the staterooms of the white
Tonights program is exciting. We are honored to partner with our good friends at the Richard Nixon foundation. I would like to welcome dr. Jim cavanaugh, the chairman of the board of the nixon foundation, his wife, esther, in the front row. [applause] q, the president of the nixon foundation, who you will hear from in a few moments. We have many distinguished guests, many former officials from the nixon and other administrations and staff and friends of the nixon foundation. We are honored to have you here tonight. This year marks the 50th anniversary of Patricia Nixon becoming first lady of the u. S. Under her leadership, the white house collection added over 600 paintings and furnishing elements to the white house collection, which is the most of any presidency. The significance of this will be discussed in tonights program but it is important to us at the White House Historical association, as a core part of our mission, which was inspired, as most of you or all of you know by first
We had to fear many former officials from the and other administrations have the print of the validation and were honored at you here tonight this year marks the 50th anniversary of Patricia Nixon becoming the first lady of the United States under her leadership white house collection added over 600 paintings and furnishing elements to the white house collection which is the most of the significance of this will be discussed in tonights program but its very important lost here at the white house of our mission which was inspired as most of you were all of you know by first Lady Jacqueline kennedy to be the private nonpartisan private partner to the white house for conservation and preservation restoration of those beautiful staterooms in the white house for the acquisition of items for the Permanent Collection at the white house as well and for Education Programs programs like this where we teach and tell the stories of the white house and its wonderful history going back to 1792 with
Of the Nixon Foundation, his wife esther on the front row. And the president of the Nixon Foundation who you will hear from in a few moments. We have many distinguished guests, many former officials from the nixon and other administrations, and staff and friends of the foundation. We are honored to have you here tonight. This year marks the 50th inverse tree of tricia nixon becoming the first lady of the United States. Under her leadership white house collection added over 600 paintings and furnishing elements to the white house collection, which is the most of any presidency. The significance of this will be discussed in tonights program but its very important to us here at the White House Historical association as a core part of our mission, which was inspired as all of you know by first Lady Jacqueline kennedy to be the private, nonpartisan private partner to the white house for conservation, preservation, restoration of the beautiful staterooms in the white house, to the acquisitio