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Minute right now what we really want to do is talk about the hp xerox. Did we move that up well talk about that now because hp board unanimously rejected that bid from xerox to take over that company its weird it was like a reverse pacman a much Smaller Company buying a much bigger one. 22 a share is not in the best interest of its shareholders and undervalue hp. Letter to xerox ceo they sited the potential impact of outsized debt levels at the combined companys stock. They left the door open with the possibility of acquiring xerox. Looks like it would be a good deal but well take over you it was strange either way combined company same debt . Potentially it was odd when i was reading through the letters. Xerox saying they lined up what they thought could be financing that citi group could eventually get for them that seem like a couple stretches. We havent got the highly confident letter from the drexel days from citi on that. I ....
It is those continued concerns, though, about rates that remain front and center joe, i go to you first did the market overreact yesterday to the fed minutes first they were dovish then all of a sudden they were hawkish, stocks were up, then they were down what happened . Yes, they did overreact, absolutely and i did a poor job, as many others have in the wake of february 9th, not saying that that was the bottom, and that it was time to get back in again, because clearly when you have a market that is yesterday they said we were going to retesting okay, but you have a market being driven back on this rebound so powerfully by growth momentum stocks. And that is just not aligned with the strategy that were all so afraid of the strategy of higher rates, higher volatility, and being more defensive because theres a risk to the outlook. Growth momentum stocks do not lead the market higher they dont account for nearly 75 of the s ps gains in that type of environment. I mentioned this note we ....
In 90 seconds. Im noros narrowing it dow. Im thinking about two. Donald trump closes in on a running mate. My hunch is he is flying to california thinking about gingrich, pence. This man is the nominee of the party of clin clincoln. We are watching it become the party of trump. Amazing grace a final fair well in dallas, the fallen officers remember the heros. Police in presidefresno have released video of another shooting. Together, we will build a better britain. A manhunt for a serial killer, who hit seven times over the past five months. Walked up, made sure someone was in the car. Just opened fire. A massive brush fire, outside los angeles. This fire is burning towards the communities. It is a little scary. Whats going on right there . Sparking fly with a female carjack suspect. Look at all those sparks. All that welcome to the espy awards. Honoring the years best athletes. Black and brown bodies, it has to stop. Enough is enough. We all have to do better. All that matters i think ....