A new record high for the nasdaq today. Its a violent move away from bonds and into equities. It continues to gain team. Yes, the markets, josh, are in the red right now. Bank of america was out with a note today. Michael hartnet saying theyve seen the largest equity inflows in three years and the biggest outflows in three and a half years, the biggest disparity between stock and bond flows ever. Look, nothing brings out positive inflows to the Fund Industry like new record highs, and i think its compounded by the fact that people were way, way, way too cautious going into this. When you look at either the protection trades that went on or the people that were fleeing to cash, and i think thats the big takeaway, scott. Perceived safety has a cost. When you look at the tlt down 7. 2 in a week, when you look at gld, gold in general, down 5 , the mine e e minors down a lot. Its not always safe if you are unaware of what the other variables are, says and in this case the variables were peo
Vegas, quite a conference at an event so full of legendary investors it struck me how the vast majority of people we spoke with were pessimistic about the u. S. Market at least in the near term future. Gary why is that in and do our guests today hold the same view . We welcome chief investment strategist Liz Ann Sonders and morris mark, and we were all, actually, at the salt conference. Morris, lets start with you in terms of the markets today. You dont see things as negative as some of the other participants that conference did, do you . No, i think its a fairy valued market fairly valued market. I think theres great opportunity for really terrific businesses to build value, and theres a lot of problems for businesses that are going to be taken advantage of by those great businesses. Well, you have invested, youre the envy of many investors because many of the stocks that worked last year were talking about facebook and google and amazon youre a value investor, but you owned a lot of
Vegas, quite a conference at an event so full of legendary investors it struck me how the vast majority of people we spoke with were pessimistic about the u. S. Market at least in the near term future. Gary why is that in and do our guests today hold the same view . We welcome chief investment strategist Liz Ann Sonders and morris mark, and we were all, actually, at the salt conference. Morris, lets start with you in terms of the markets today. You dont see things as negative as some of the other participants that conference did, do you . No, i think its a fairy valued market fairly valued market. I think theres great opportunity for really terrific businesses to build value, and theres a lot of problems for businesses that are going to be taken advantage of by those great businesses. Well, you have invested, youre the envy of many investors because many of the stocks that worked last year were talking about facebook and google and amazon youre a value investor, but you owned a lot of
Vegas, quite a conference at an event so full of legendary investors it struck me how the vast majority of people we spoke with were pessimistic about the u. S. Market at least in the near term future. Gary why is that in and do our guests today hold the same view . We welcome chief investment strategist Liz Ann Sonders and morris mark, and we were all, actually, at the salt conference. Morris, lets start with you in terms of the markets today. You dont see things as negative as some of the other participants that conference did, do you . No, i think its a fairy valued market fairly valued market. I think theres great opportunity for really terrific businesses to build value, and theres a lot of problems for businesses that are going to be taken advantage of by those great businesses. Well, you have invested, youre the envy of many investors because many of the stocks that worked last year were talking about facebook and google and amazon youre a value investor, but you owned a lot of
Event so full of legendary investors it struck me how the vast majority of people we spoke with were pessimistic about the u. S. Market at least in the near term future. Gary why is that in and do our guests today hold the same view . We welcome chief investment strategist Liz Ann Sonders and morris mark, and we were all, actually, at the salt conference. Morris, lets start with you in terms of the markets today. You dont see things as negative as some of the other participants that conference did, do you . No, i think its a fairy valued market fairly valued market. I think theres great opportunity for really terrific businesses to build value, and theres a lot of problems for businesses that are going to be taken advantage of by those great businesses. Well, you have invested, youre the envy of many investors because many of the stocks that worked last year were talking about facebook and google and amazon youre a value investor, but you owned a lot of these stocks, and you continue t