Public comment. Reminder to all participants to mute themselves to minimize background noise. Please note gray indicates unmuted. This is caption test. Use the live item 5 action item. Of the august 12, 2020 retirement Board Meeting. Its a motion for the august 12, 2020 Board Meeting. So moved. Madame president we received a request to the Administrative Changes to the minutes. She made Public Comment and we indicated she represented the retired employees. She would like the title of her organization to be spelled out in the minutes. I would propose that we make that one correction on page 9 [indiscernible]. Sorry for the interruption. Ill second it. Accept the change. Moved and seconded. Well adopt the minutes with the requested changes and accepted by executive director huish. At this time well take Public Comment. Thank you. Callers, if you have not already done so press star 3 to be added. For those already on hold please continue to wait until the system indicates you have been un
Blib rated and driving you bonkers. Ive been telling you to keep your money in a barbell. Tech plays soaring and some recovery stocks that rally when we feel more come nfident abouth future today the covid winners got hammered but the recovery stocks roared transports, travel, leisure, aerospace, retail dow surging 358 points and s p advancing what a streak. The tech heavy nasdaq losing. 39 . If you own none of these winners, you had a miserable day. If you follow my barbell advice you offset losses with good gains from the most beaten down parts of the market. Why is this so important why does it matter you protect your portfolio from a group that made you a ton of money . You need to understand something about portfolio management, a skill i spent 40 years learning i try to teach every day think of this show as a continuing Education Course for both of us for years some of the smartest people are preaching the same gospel its a fools game and impossible to consistently beat the marke
A lot of people think when you and becky and andrew are here thats Stranger Things. Thats very true. How quickly can we show mack. Are we going to do this now at the top the guys that are here wear black and i asked him, magnum p. I. But you finally just rebelled you finally said f it, im sick of the black stuff and im coming in and i like it myself. I like the palms on it. I tried to picture myself in that and thats when i started getting uncomfortable for everyone for everyone involved but it is friday. It is friday. Can you tell . Is that what it is . Casual friday or something its a good look. Man, oh, man. I asked you if you noticed and you said i have eyes, dont i . Lets get to the markets because it was a record close pretty much across the board the dow rallied 227 points to close about 27,000 for the first time ever. Stocks got a boost from the signal that the rate cut could be becoming this month and a year and a half since the dow sit 23,000 the best performing dow stocks ha
Meeting and tim is takes the place of brian. We welcome him and really welcome because we are now in a full force on the board and the testy subject of quorum is addressed. Also, we are going to make some changes to the agenda, which ill ajounce after this. Lets do the communications. Madam secretary. We welcome the Public Participation during Public Comment periods. There will be a opportunity for general Public Comment at this meeting after closed session and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by video or callin. For each item the board will take Public Comment for those in person and then from people attending the meeting remotely. Comments are opportunity to speak during the Public Comment period are available by phone calling 4156550001 access code, 25955089309, pound, pound again. When connected you will hear the meeting discussion
Another record high. Kevin, i dont know what your superlative is, but which was most impress sniff. They are all impressive, a beautiful thing to see we can say coming into the end of 2017, that this year was the year of f. A. N. G. It was the f. A. N. G. Ology it was fantastic youre up 40 on these names or a collection of them will you make 40 in 2018, or is it time to start thinking about what the rotation will be, because f. A. N. G. Is a wonderful thing, but i dont think well get 40 next year. Development is up there, cash flows are beautiful. This is not like a tech bubble its an earnings orgasm, thats what it is. Weiss, the street is tripping over itself today to bump amazons price target up i mean, everybody from webbush, cowan, jeffreys, rbc what do you make of this result . Is it too hard to pick because of amazon, microsoft, intel, they were all so darn good they are and its too hard to pick the growth on the type of revenue base they already have is outstanding i dont think