One of the most admired and successful investors remains optimistic over americas future. This countrys productivity and magic remains alive and well. He talked about business at berkshire and his time at ibm and defended his relationship with private equity firm 3g. This morning in an interview with cnbc he made his optimism on the stock market clear. Theres never been a time in my life, i know what market will do over a long period of time. They will go up. In terms of whats going to happen in day or a week or month or year even, i never felt i knew and i never felt it was important. I will say that in 10 or 20 or 30 years, i think stocks will be a lot higher than now. If you own a piece of it, if you dont beat yourself, the only person that can cause you to get a bad result in stocks is yourself. Susie, special correspondent at fortune follows mr. Buffet closely and joins us now High Pressure his optimism not only for the economy but for the stock market is always very strong, unwav
One of the most admired and successful investors remains optimistic over americas future. This countrys productivity and magic remains alive and well. He talked about business at berkshire and his time at ibm and defended his relationship with private equity firm 3g. This morning in an interview with cnbc he made his optimism on the stock market clear. Theres never been a time in my life, i know what market will do over a long period of time. They will go up. In terms of whats going to happen in day or a week or month or year even, i never felt i knew and i never felt it was important. I will say that in 10 or 20 or 30 years, i think stocks will be a lot higher than now. If you own a piece of it, if you dont beat yourself, the only person that can cause you to get a bad result in stocks is yourself. Susie, special correspondent at fortune follows mr. Buffet closely and joins us now High Pressure his optimism not only for the economy but for the stock market is always very strong, unwav
Also at all time levels. Nasdaq composite at 13year high, at 3,578. Dow saving fire works for july. Bob pisani, which led to todays record . A lot of people said, gee, mr. Bernanke didnt say anything different after the close. Maria, a lot of people think he must have said something different. I will try to give you the simple version. The highly accommodated comment that bernanke made essentially took the edge off of the tapered talk and fear off of the taper talk. Tapering can still occur. Everybody realizes that fed remains highly accommodative near a 0 Interest Rate policy. And i think thats the way it understand it. Look at companies and sectors that have had the stuffing knocked out of them recently, all rallying today. Interest rates sense tifs, these are a mess for the whole month there with big movers. Take a look at dow intraday. This is a Straight Line and move again. Highs of the day just prior to 3 00 eastern time. A lot of that is because tech stocks have been up all day.
The polling was strongly for cruz. Slightly less strongly for sanders heading into this. Think about the consequences here about how big the margin is. Whoever wins, its going to be important on the republican side. It may be less important on the democrat side if its anywhere near close just because the delegate allocation on the democratic side, its really hard to get a big margin. Ill give you example. In 2008, in wisconsin, it was a blow out. Barack obama won by double digits. He won by 14 or 17 points. He won every Congressional District in the state. He won 62 out of 72 counties in the state. He absolutely shallacked Hillary Clinton in that primary. Its just because the way the democrats allocate these delegate, unless you get not just land slide, but a big land slide, theres tno way to captue most of the delegates that can give you a big jump on your opponent. Thats what Bernie Sanders is up against. Chris, you touched on this. What a great political tradition in that state. Yes
And to iran and to isis and and russia. And russia. And sure enough. Trump who mocked and ridiculed barack obama for, quote, creating isis, for abandoning iraq instantly, has done nothing but encourage our sworn enemies here. Exactly. Its fair to critique barack obama for what he didnt do in syria, but that was then and now is now. And now its mr. Trumps choices and tweets about mr. Obama seem a little bit thin and hes got to decide now what hes going to do. His rhetoric has been extraordinarily tough and you always get in trouble when your rhetoric outpaces your reality on your policy. If he simply does what he did last time a year ago, it seems kind of symbolic and token and ineffect chul. If he is going to use military force, does he use it mean i meaningfully. So these are some Big Decisions that will actually be quite revealing about mr. Trumps Foreign Policy. We were in a meeting with policymakers a month ago that represented parts of americas Foreign Policy community, people acr