Tom Lees News Today

Bounce back in the worth session in more than a month pete, i began with you he said the top of the market was on september 2nd, that the bubble has already popped. Were now in the midst of an enormous tech bubble ipo mania, extraordinary valuations and new metrics for valuation, the more fanciful an distant, it seeps the better the stocks performs. Is he right . Are we in the midst of an enormous text bubble, pete i think we are in the midst of certain sections of text that are definitely in a ...

Alltime high of 70plus thousand on a sevenday average. Steve weiss, turn to you dow down 10 from its high no, we dont have control of the virus. We dont have stimulus were not rounding the corner. We are, as dr. Scott gottlieb said on squawk entering the most difficult phase of the pandemic we have yields lower s ps down for three Straight Days what do we do with this today, steve . Well, ive taken off a number of positions ive added some shorts, added some puts to protect stocks for earnings th...

Things that you did in the market today you bought walmart and mic microsoft. Why are you putting money to work in those stocks now why am i putting money to work and then ill get to those stocks we had had a 10 correction. You know ive held cash for a little while im not the onlywaiting for a correction i still have some cash but, look, for this to get worse than a correction, maybe it goes down 12, 13 . I dont know if it to get worse you have to think the fed is ineffective and the cash on the...

Something positive, right, with that rising case count hitting new records, it seems virtually every day, and deaths also starting to move up in knows hardhit states as well with hospitalizations thats certainly been a focus for Market Participants as you guys well know Scott Gottlieb who we follow closely tweeting about the remdesivir news, very encouraged but needs to be confirmed in a prospective trial, appears to be a receipt peck testify analysis of the face three data suggesting a survival...

Tenyear 91 basis points one more way in which the economy in this case has confounded some and the markets had it right yeah. There wasnt a day that we came in and we heard from very big people, rich people, Hedge Fund Managers saying this is ridiculous its fanciful, that the rally itself was uninformed. I admit, look, there were parts of me that said are you kidding me, every morning the airlines will be up big when very few people are flying . It turns out that the hiring took place in the are...

White hou on remdesivir and looking past chinas first gdp contraction in 40 years oil below 18 is something to watch. That report out of stat news reflects how much hope there is, whether its remdesivir or Something Else for an effective treatment going into the fall. It does it may also reflect thin trading having spoken to a number of people this morning who are wondering whether or not you can have big moves in the market with just a billion dollars of futures being bought, which may seem lik...

Steve leishman alongside us helping us make sense of everything going on what the fed is thinking about all of this. The worst week for stocks since the financial crisis the vix surging, bond yields falling the even new lows. Stephanie link, a minute ago the nasdaq was positive. It went from positive to down 1. 5 in about ten minutes, if that. I know. What does that tell you about sort of where we are is that how a bottoming process happens . Doong we are close i hope so i think people are very ...

From Raymond James to get his quick take on the street Google Properties revenue, thaep thats the properties the company owns and operates, 19 to 28. 7 billion that was above what kessler was looking for. Operating expenses were higherx. Ruth porat said there were some unusual items and pointed out 545 million expense related to a legal settlement in france also called out some unrealized losses tied to certain venture investments, although she declined to say which ones switching gears a bit, i...

The white house are President Trump and the australian Prime Minister in town for an official state visit. That expected any moment now. Thats where we find eamon javers with what we can expect today. Reporter we are in the east room waiting on the two leaders. They have had some formal pomp and circumstance so far this morning. The president has had an opportunity to make news in the oval office announcing that the United States has placed sanctions on the central bank of iran, the u. S. Accusi...

The lowest since october of 16. Stocks are going to continue to have a tough time as long as yields keep falling the way they are. And it doesnt seem like where are we stopping is the next question . We talked about this up over the 3s started getting toward 3. 25. Now looking at the down side its amazing to see how much pressure that were seeing right now in terms of the yield and how much thats moving to the down side. Volatilities have been spiking we know that we had that pullback but stayed...