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Good to see you. Great to be here. Obviously, tax reform bill is first on our list today, waiting for the president s signature. Meantime Corporate America promising more pay for workers at t, our parent, comcast, and others unveiling bonuses or an investment in training questions still remains in terms of how the tech world will be impacted by the bill weve had some discussions about how they dont have as much to gain on the rate, per se, as some other sectors, but i wonder what you make of the responses from Corporate America in the first day. I think a lot of corporations are cashing in on our new personal saver culture and p. R. Culture saying, basically, were onboard with you you had a great idea to raise wages, were doing that, investing in the United States please, approve our big deals that we want to have a ....
Stocks on the rebound as you can see, still tracking for five straight weeks of gains on optimism over tax reform that optimism sending the man to my right, tony dwyer, to raise his target for stocks in the new year to 3,100. Now youre the top dog now was that the plan . No. Thats marketing bs. No, thats marketing bs. Its more the methodology of how i get there. For the last six months ive said my 2,800 target for the s p is too low because you had to implement the tax cuts but without a Corporate Tax rate, i have no idea what that is. So 21 , that adds 9 to the s p earnings im at 140 for this year, was at 140 so now im up to 155 the market is trading at a 20 multiple why should that change so im assuming a 20 multiple. Im too low for both, the multiple and the earnings. The 3,000 club is growing, seemingly by the day you get Credit Suisse bumping their target up. You had a cou ....
To 10 years is tossed around. [inaudible] does that fall short of what advocates are hoping for and looking for from the president . Yes. [laughter] well, i mean, i think you know most of us, look, daca which was done, was a tremendous success both in terms of helping real people and as a little move in a tough election season, you know, it was based on the dream act which had been defeated in a close vote months earlier, actually in late 2010 in the lameduck session. We think the senate bill which passed on a bipartisan bill basis would be a good template to use for, has bipartisan support, very clear criteria, who would qualify for legal status. But that would be a good basis. It looks unlikely that thats going to happen, but i think the administration should be well aware that if it goes small its going to get as much grief from republicans as if it goes big. Into the goes big its going to get a lot more love from Immigration R ....
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