Page 24 - Pershing Square News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Slide. The hang seng was up by 3 4 of a percentage point shanghai stocks closed down by 1 3 of a percentage point in japan, the nikkei higher once again. Another 100 points gain of half a percentage point. Trading at 21,255. In europe there is early trading taking place there are modest advances. It looks like the dax is the biggest gainer well continue to keep an eye on that. Were watching a developing story in the oil market. Crude and brent, they are moving higher on news that iraqi troops have seized parts of oil rich kurdistan. Theyre moving into parts of the city of kirkuk the u. S. Has ...

Continued to remain subdued. The beige book gave us perhaps a hint of one explanation for why that is. In cases where there is Wage Inflation or higher input costs, the firms say, and materials, a law firms are still reluctant to pass that on. It is a very interesting line from beige book. Several districts noted increased manufacturing input costs, but in most cases, these werent passed through to selling prices. That underscores a theme weve seen for some time now, where companies in the u. S. Simply lack the Pricing Power they used to have. When their costs are going up, they are very reluc...

Thise about 30 into session. This is only the worst session in a little more than a months time for the major averages here in the u. S. Recordid, we have seen after record recently. This is a little bit of a switch in sentiment, certainly, if nothing else. Also, as we have been talking about with the anniversary of black monday, that is something a lot of traders are talking about and thinking about, and if you have not checked out our oral history on bloomberg. Com of that day, it is a fascinating read. We are amid earnings season as well, so it is about the fundamentals. This is a Slower Gr...

Week look at what happened overnight in asia. The nikkei eking out another gain a gain of 9 points, but thats the 14th day in a row that weve been looking at gains for the nikkei these are the highest levels weve seen in 21 years nikkei closing at 21,457 the hang seng with a gain of 1. 17 . And the shanghai up by 0. 28 the dax is up, the cac in france is up by 0. 21 spain is up, but just barely look at crude oil snapped a fourday winning streak. It is still above 50s a b s a on the wall street agenda just one piece of economic data, september existing home sales out at 10 00 eastern time. Well...

You. Thank you. So, when you were with us on august 7th, you said the market is fully valued. From then until then the Dow Jones Industrial average is up 6 , the s p up 4 we overvalued now . Not yet, no i would say that, you know, basically bull markets ended over valuation and i dont think were overvalued use whatever adjective you want to describe it the market is not cheap and its not expensive. So as i think ive been saying, i think were kind of approaching normalization, and to me normalization is a 17 multiple on earnings and the trick is what is the earnings youre looking at . You know ...