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no one can pick the market. gary gary does icahn have it right? joining us now, towner and president jim chanos. jim, thanks for joining us. you been on a number of trades on the opposite side of call. [laughter] what s your thoughts about what he had to say about this week s reaction in the market? well, i think you should listen to carl. it s pretty hard to time the market short term. so longer term i know he s been concerned. we try not to time the market ourselves, and certainly not to political events. gary: as it relates to the rally we ve had since the election yep. gary: in the sense of what the trump administration might do in terms of growing the economy, is the market fundamentals getting ahead of the reality of what could actually be achieved? well, one of the things we told clients this week is to step back a little bit in that i m a lot older than you two, and i remember previous election excitement. and we can go back to 08. we had sort of a kum ....
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, let s start with you in terms of the markets today. you don t see things as negative as some of the other participants that conference did, do you? no, i think it s a fairy valued market fairly valued market. i think there s great opportunity for really terrific businesses to build value, and there s a lot of problems for businesses that are going to be taken advantage of by those great businesses. well, you have invested, you re the envy of many investors because many of the stocks that worked last year we re talking about facebook and google and amazon you re a value i ....
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, let s start with you in terms of the markets today. you don t see things as negative as some of the other participants that conference did, do you? no, i think it s a fairy valued market fairly valued market. i think there s great opportunity for really terrific businesses to build value, and there s a lot of problems for businesses that are going to be taken advantage of by those great businesses. well, you have invested, you re the envy of many investors because many of the stocks that worked last year we re talking about facebook and google and amazon you re a value i ....
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, let s start with you in terms of the markets today. you don t see things as negative as some of the other participants that conference did, do you? no, i think it s a fairy valued market fairly valued market. i think there s great opportunity for really terrific businesses to build value, and there s a lot of problems for businesses that are going to be taken advantage of by those great businesses. well, you have invested, you re the envy of many investors because many of the stocks that worked last year we re talking about facebook and google and amazon you re a value i ....
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, let s start with you in terms of the markets today. you don t see things as negative as some of the other participants that conference did, do you? no, i think it s a fairy valued market fairly valued market. i think there s great opportunity for really terrific businesses to build value, and there s a lot of problems for businesses that are going to be taken advantage of by those great businesses. well, you have invested, you re the envy of many investors because many of the stocks that worked last year we re talking about facebook and google and amazon you re a value i ....